26.11.2007 20:44:00
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Avnet Electronics Marketing and Tyco Electronics Ink Global Franchise Agreement
Avnet Electronics Marketing, an operating group of Avnet, Inc.
(NYSE: AVT), has announced that Tyco Electronics has extended its
franchise agreement with Avnet to include all of Europe, Asia Pacific,
Japan and India.
The extension of the global franchise agreement is focused on Tyco
Electronics’ electronic components segment,
which includes connectors and interconnect systems, relays, switches,
circuit protection devices, sensors, wires and cable. These products are
used primarily in the automotive, computer, consumer electronics,
communication equipment, appliance, aerospace and defense, industrial
machinery and instrumentation markets.
"For 60 years, Tyco Electronics has a held a
leadership position in the electronics industry. Through our newly
expanded agreement with them, we are able to offer many advantages for
our mutual customers across the globe –
including shorter lead times, reduced time to market, and a broad
product line,” said Tom McCartney, senior vice
president of IP&E business development worldwide for Avnet Electronics
Marketing. "We look forward to working with
Tyco Electronics to offer market-leading products and Avnet’s
support and supply chain capabilities locally on a global basis.” "Avnet has a long-standing track record of
providing exceptional service to our customers in the Americas,”
said Jack Voelmle, vice president for Tyco Electronics’
global industrial and commercial business. "We
are very pleased to offer our customers around the world the same
opportunity to benefit from Avnet’s superior
logistical capabilities and innovative services.”
For more information about Tyco Electronics products, please visit: www.em.avnet.com/te.
About Avnet Electronics Marketing
Avnet Electronics Marketing is an operating group of Phoenix-based
Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics
Marketing serves electronic original equipment manufacturers (EOEMs) and
electronic manufacturing services (EMS) providers in more than 70
countries, distributing electronic components from leading manufacturers
and providing associated design-chain and supply-chain services. The
group's Web site is located at http://www.em.avnet.com.
About Avnet
Avnet, Inc. (NYSE:AVT) is one of the largest distributors of electronic
components, computer products and technology services and solutions with
more than 300 locations serving 70 countries worldwide. The company
markets, distributes and optimizes the supply-chain and provides
design-chain services for the products of the world's leading electronic
component suppliers, enterprise computer manufacturers and embedded
subsystem providers. Avnet brings a breadth and depth of capabilities,
such as maximizing inventory efficiency, managing logistics, assembling
products and providing engineering design assistance for its 100,000
customers, accelerating their growth through cost-effective, value-added
services and solutions. For the fiscal year ended June 30, 2007, Avnet
generated revenue of $15.68 billion. For more information, visit www.avnet.com.
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