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Avnet, Inc. engages in the provision of electronic component marketing and distribution services. It operates through the following segments: Electronic Components and Services; and Premier Farnell. The Electronic Components and Services segment consists of Electronic Component Solutions and Avnet Integrated. The Premier Farnell segment comprises of the UK based Premier Farnell operations and its subsidiaries which distributes electronic components, industrial products, and software solutions to engineers, developers, distributors, manufactures, and purchasers. The company was founded by Charles Avnet in 1921 and is headquartered in Phoenix, AZ.