- Avnet (NASDAQ:AVT) will acquire the company formerly known as Adeneo Embedded, an embedded system software and IoT company.
- Witekio has approximately 120 employees across offices in France, the US, the UK, and Germany.
- Terms weren't disclosed for the deal, which is expected to close before the end of the year.
- Avnet shares are down 1.2% to $43.92.