Deal brings product and support to customers in growth markets including eMobility
Avnet (NYSE: AVT),
a leading global technology distributor, and Bel
Fuse Inc. (NASDAQ:BELFA and NASDAQ:BELFB), a leading global
manufacturer of products that power, protect and connect electronic
circuits, today announced the signing of an expanded franchise
agreement. Avnet now offers Bel’s full line of power products, circuit
protection, magnetics and interconnect solutions globally to customers
in the Americas, Europe and Asia in markets including networking,
telecommunications, computing, military/aerospace and transportation.
“With our extensive global technical and supply chain resources, Avnet’s
IP&E specialists can streamline global sourcing of Bel’s diverse product
portfolio and help guide our mutual customers to the solutions that will
enable peak performance across both emerging market applications, as
well core datacenter, telecom and avionics systems,” said Tom McCartney,
senior vice president, global IP&E business development, Avnet.
For 65 years, Bel has been a dependable source of quality power,
protection and interconnect devices for a broad array of high-technology
products. Today Bel is a leader in the development of innovative
solutions essential to next-generation applications such as multispeed
Ethernet connectivity, on-board power and ruggedized optical
transceivers.
“This agreement will enable us to grow our sales reach in multiple
industrial markets throughout the world,” said Dan Bernstein, president
and CEO of Bel Fuse Inc. “Avnet has been a top-notch distribution
partner for Bel for many years, and with this new agreement, we look
forward to not only reaching a greater array of customers worldwide, but
to providing these customers with the world-class design and supply
chain support they need to bring their products to market more quickly
and cost-effectively.”
For more information on the Bel products available through Avnet, click here.
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About Bel
Bel (belfuse.com)
designs, manufactures and markets a broad array of products that power,
protect and connect electronic circuits. These products are primarily
used in the networking, telecommunications, computing, military and
aerospace, transportation and broadcasting industries. Bel’s product
groups include Magnetic Solutions (integrated connector modules, power
transformers, power inductors and discrete components), Power Solutions
and Protection (front-end, board-mount and industrial power products,
module products and circuit protection), and Connectivity Solutions
(expanded beam fiber optic, copper-based, RF and RJ connectors and cable
assemblies). The Company operates facilities around the world.
About Avnet
From idea to design and from prototype to production, Avnet supports
customers at each stage of a product’s lifecycle. A comprehensive
portfolio of design and supply chain services makes Avnet the go-to
guide for innovators who set the pace for technological change. For
nearly a century, Avnet has helped its customers and suppliers around
the world realize the transformative possibilities of technology. Learn
more about Avnet at www.avnet.com.
Avnet
Maureen O’Leary, 480-643-7499
Maureen.OLeary@avnet.com
or
Bel Fuse Inc.
Mary Benetti-Condon, 262-748-6184
Channel Marketing Manager
Mary.BenettiCondon@cinch.com