As the first step in a two-part transaction, Avnet has acquired a majority interest in Hackster, an online community that helps users learn how to design, create, and program Internet-connected hardware. Terms of the agreement were not disclosed.
Arizona Technology Council member, Phoenix-based Avnet will acquire the remainder of the company in January 2017. Hackster.io engages with nearly 90 technology partners and maintains 100 Hackster Live ambassadors that support a network of nearly 200,000 engineers, makers, and hobbyists.
“The combination of Hackster.io with Avnet’s recently launched MakerSource resource directory, and acquisition of Premier Farnell’s element 14 community will allow startups to design and create new ideas then quickly find the resources to support them as they prepare to take their product to market,” said Avnet CEO William Amelio.