European distribution giant outperforms market

Avnet Memec says it has doubled its major account base and tripled its monthly sales over a five year period. It has also signed six new or extended distributor agreements in six months – with Renesas, Sierra, Microsemi, Leadtek, Echelon and Smarteq.
Commenting, Steve Haynes, President, Avnet Memec said, “By building expertise in fast growing market segments, we have more than doubled our base of major accounts from 400 to over 1000 in just five years. Customers value our ability to speak their language and contribute meaningfully to the design challenges that they face. As a result we’ve doubled our business from €104m in 2006 to €212m in 2010 and are currently running at a rate of €300m. As a result Avnet Memec has increased its market share by 42% from 2007 – 2011.”
In the last six months, Avnet Memec has extended its relationship with Microsemi for power, RF, analogue and mixed-signal devices, Renesas for industrial automation products and Sierra embedded wireless modules. It has also extended its portfolio with Smarteq antennas for M2M and telematic solutions, Echelon’s market-leading line of energy control network products and Leadtek low power, compact global positioning systems (GPS) modules as well as products from Leadtek’s comprehensive computer multimedia, wireless communication, audio/video communication and telecare divisions.

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