Avnet Agrees to Acquire Round2

The reverse logistics and after-market services firm Avnet Inc.,  Phoenix, has signed an agreement to acquire Austin, Texas-based Round2 Inc. and its parent Round2 Technologies Inc. According to the company, the acquisition has been approved by both companies’ boards of directors and is subject to the approval of Round2’s shareholders as well as customary closing conditions. The transaction is expected to close Jan. 3, 2012. 
 

Round2 provides integrated solutions through electronics testing and repair, product disassembly and commodity recycling. The company operates facilities in Texas, Ohio and Georgia. 
 

“The acquisition of Round2 Technologies is important to Avnet, as it complements our strategy to offer a total solution to the after-market services industry," Steve Church, Avnet Integrated Resources president, says. "With Round2’s strong presence and capabilities in e-waste disposal, coupled with our other announced acquisitions, we can now offer call center services, repair and refurbishment, including complex repairs and environmentally responsible disposal of those assets that no longer have usability,” Steve Church, Avnet Integrated Resources president, says.