Avnet, Inc., together with its subsidiaries, is a distributor of electronic components, enterprise computer and storage products, information technology (IT) services and embedded subsystems. The Company distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other value-added services. In addition, it provides engineering design, materials management and logistics services, system integration and configuration, and supply chain services customized to meet specific requirements of both customers and suppliers. The Company has two primary operating groups: Electronics Marketing (EM) and Technology Solutions (TS). In October 2013, the Company acquired a majority interest in MSC Investoren GmbH (MSC Group). Effective October 1, 2013, Avnet Inc acquired an undisclosed majority interest in MSC Investoren GmbH.