Electronic components company, Avnet, has announced its acquisition of Dragon Innovation, a pre-manufacturing and manufacturing solutions provider.
The move is designed to expand Avnet’s portfolio of offerings for customers as they move from design, to prototype, to volume production.
Dragon is known for its process and hardware experience, which will also help customers understand manufacturing costs and schedules, as well as finding facilities and managing production.
Bill Amelio, Chief Executive Officer of Avnet, said: “With the addition of Dragon Innovation to our connected ecosystem, Avnet further meets the needs for companies of all sizes head on, helping them launch new hardware products in an efficient and cost-effective manner that accelerates time to market.
“Dragon Innovation's hardware manufacturing expertise augments Avnet's design and supply chain capabilities beyond electronic components to encompass the entire finished product.
“Equally important, Dragon Innovation complements our digital strategy by delivering their services through a combination of software and access to subject matter experts matched to the customers' needs as they move swiftly through the stages of product development."
Dragon Innovation will also serve to enhance Avnet’s development of new technology, particularly in projects that require and advance IoT.
Scott N. Miller, Chief Executive Officer of Dragon Innovation, added:
“By providing customers with the fastest, simplest, safest way to manufacture at scale, Dragon Innovation's vision is to make manufacturing feel easy. We use a combination of technology and human expertise built into accessible, straightforward online tools.
“We are thrilled to be joining Avnet, an established market leader who shares our values and has significant resources and reach to enable us to help companies build hardware better than ever before.”