Business Services Industry
Avnet Electronics Marketing and Electronic Connector Manufacturer FCI Sign Global Agreement
Business Wire, April 23, 2008
Avnet Now Markets and Sells FCI's Full Line in More Than 70 Countries
PHOENIX -- Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), has entered into a global distribution agreement with FCI, a leading supplier of electronic connectors and interconnect systems. Under the terms of the agreement, Avnet will distribute FCI's full product line to customers throughout the more than 70 countries where Avnet does business -- in the Americas, Europe, Asia Pacific and Japan. This broad agreement supersedes an earlier, more circumscribed distribution pact between the two companies.
"We view this agreement as an enhancement to the already strong working relationship between FCI and Avnet," said Lou Lipomi, vice president of global distributor account management for FCI. "Our commitment is to provide the best design services and supply chain solutions to our customers, regardless of their global footprint. We see Avnet as being very well positioned to support this effort on a worldwide basis."
"Together, Avnet and FCI bring an expansive selection of cost-effective products to the market and will continue to develop and deliver innovative interconnects, high-speed and miniaturized connectors to our customers around the globe," said Tom McCartney, senior vice president of IP&E business development worldwide for Avnet Electronics Marketing. "It's a pleasure to announce to the global electronics industry the expansion of our interconnect offerings through the agreement with FCI on behalf of the entire Avnet team."
FCI has 34 manufacturing sites across the globe where it designs and manufactures connector solutions targeting market applications for telecommunications infrastructures, consumer electronics, data storage, energy, power and utility, industrial, instrumentation and medical.
For more information, please visit www.em.avnet.com/fci.
> About Avnet Electronics MarketingAvnet 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 more than 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.
About FCI
With operations in 30 countries and sales of 1.3 billion euros in 2007, FCI is a leading manufacturer of connectors. Our 14,200 employees are committed to providing customers with high-quality, innovative products for a wide range of consumer and industrial applications.
For more information: www.fci.com.
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