PHOENIX--(BUSINESS WIRE)--Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE: AVT), and Emerson Network Power, a business of Emerson (NYSE: EMR), have signed a global distribution agreement. Under the terms of the new agreement, Avnet will distribute – on a global basis – the full line of standard and modified standard AC/DC and DC/DC power supplies produced by the Embedded Power division, which encompasses the Astec and Artesyn branded products.
Emerson Network Power’s Embedded Power division delivers solutions for a diverse range of applications in a variety of industries including telecommunications, networking, computing, office systems, medical, process control, test and instrumentation. The company operates strategically located design, support and sales facilities on three continents, and has five large-scale manufacturing sites – three in China, and two in the Philippines.
According to Greg Hester, vice president of North American sales for Emerson Network Power’s Embedded Power division, “We are continually striving to improve our customer-facing processes while also expanding our market reach. This agreement with Avnet further widens customers’ choice of suppliers, will improve product availability and, given Avnet’s participation in the global markets, provide access to previously untapped opportunities.”
“Avnet is very pleased to engage on a global basis with one of the largest and most innovative power supply manufacturers in the world,” said Tom McCartney, senior vice president of IP&E business development worldwide for Avnet Electronics Marketing. “The addition of Astec and Artesyn products provides a significant extension to Avnet's power supply line card. When paired with Avnet's technical expertise, logistics and international supply chain capabilities, the result is a reliable and high-quality solution that is ideal for meeting the unique needs of our global customers.”
For more information, please visit: www.em.avnet.com/emersonnetworkpower.
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 73 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 73 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 Emerson Network Power
Emerson Network Power, a business of Emerson (NYSE:EMR), is the global leader in enabling Business-Critical Continuity™. The company is the trusted source for adaptive and ultra-reliable solutions that enable and protect its customers’ business-critical technology infrastructures. Backed by the largest global services organization in the industry, Emerson Network Power offers a full range of innovative power, precision cooling and connectivity products and services for computer, communications, healthcare and industrial systems. Key product brands within the Emerson Network Power family include Liebert, ASCO, Astec, Artesyn and Lorain. For more information on power supplies, visit www.astecpower.com or www.artesyn.com. For more information on the full spectrum of enterprise-wide solutions from Emerson Network Power, visit www.gotoemerson.com.
About Emerson
Emerson (NYSE: EMR), based in St. Louis, is a global leader in bringing technology and engineering together to provide innovative solutions to customers through its network power, process management, industrial automation, climate technologies, and appliance and tools businesses. Sales in fiscal 2006 were $20.1 billion. For more information, visit www.gotoemerson.com.
Avnet Electronics Marketing
Jody Janusch LaRoque, Public Relations, 480-643-2547
jody.janusch@avnet.com