avnet
dragon innovation and kickstarter began a partnership with avnet in may for avnet’s hardware studio .
carrie chen avnet asia pacific + 65. 6580. 6095 carrie. chen @ avnet. com
in this section of the avnet newsroom you' ll find awards and honors earned by avnet .
principal subsidiaries: hamilton hallmark; avnet computer group; time electronics inc. ; allied electronics inc. ; avnet e2000 (germany); avnet access (uk); avnet composants (france); avnet nortec (scandinavia); avnet adelso (italy); channel master (u. s. and u. k .); brownell electro; mechanics choice .
february 8, 2012 - avnet receives 2011 showcase in excellence award from arizona quality alliance for its avnet global solutions center 5s processes .
avnet 2011 sales hit $ 26. 5 billion, share buyback announced urltoken avnet, inc. reports fourth quarter fiscal year 2011 results urltoken
october 4, 2011 - avnet, inc. named socially responsible corporation of the year by casimiro. avnet received the distinct recognition in part because of company programs offered to support employee volunteer efforts, avnet' s dollar for doers program, and avnet' s matching grants program .
in 1973, avnet became intel corp.' s first distributor, solidifying avnet' s place in the computer business. together, avnet and supplier intel began selling computer peripherals, complete systems, and software. in 1979, avnet hit $ 1 billion in revenue for the first time .
avnet closed the bell micro deal for $ 7 per share, or $ 252 million. avnet will assume $ 379 million of bell' s debt .
avnet technology solutions & hp unveil hp all - in - one ...
media contact carrie chen avnet asia pacific + 65. 6580. 6095 email contact
the avnet teams collected their awards at a ceremony held in westin hotel taipei .
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 urltoken .
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 urltoken .
february 8, 2012 - avnet receives 2011 showcase in excellence award from arizona quality alliance .
throughout the 70s and 80s, avnet refocused its business strategy, dropping sluggish business divisions and replacing them with technology - related enterprises. this effort was largely spearheaded by tony hamilton, who was named ceo in 1980 and who championed avnet' s primary role as an electronics distributor in the coming age of high - tech. as electronic marketing group (nicknamed hamilton / avnet) was responsible for more than 75% of avnet' s revenue, avnet came to be known popularly as hamilton / avnet, and even further as
hamilton .
bracknell, uk – 8 july 2015 – avnet technology solutions, the global it solutions distribution leader and an operating group of avnet, inc. (nyse: avt), has announced that avnet uk won two prestigious awards at the recent crn sales and marketing awards 2015 .
avnet’s business and it teams worked in partnership to create avnet urenew and simplify the renewal process of it service contracts, including those for ongoing maintenance for hardware and software. prior to avnet urenew, avnet’s customers would spend long hours and even weeks searching to determine which service contracts were ready for renewal, accessing five or more databases from technology manufacturers to obtain the information .
avnet also announced plans to merge its avnet computer technologies inc. and hamilton / avnet computer divisions, closing about 20 branches and laying off management and support personnel. the decision was triggered by sluggish demand for systems and vendors' unhappiness with their product lines being split between two operations .
global technology distributor avnet, inc. has announced an expanded, exclusive distribution agreement with broadcom limited (nasdaq: avgo). under the agreement, avnet will serve as the exclusive broadline distributor for broadcom in the americas and emea regions. avnet will also continue its franchise in asia .
avnet named one of the top 12 green - it organizations in the u. s. urltoken
in 1964, avnet electronics became avnet, inc. to reflect its diversification into other areas, including audio turntables and electric motors. upon the death of charles avnet that year, lester became the company' s president and chairperson. other executive roles were filled by simon sheib, who became an avnet director and the treasurer of british industries corp. , avnet' s first acquisition. anthony hamilton, the president of hamilton electro, was made an avnet director and company vice - president. net sales in 1964 reached $ 57. 5 million with earnings of $ 3 million .
in addition to the museum, avnet is celebrating this milestone with the publication of
avnet: 50 years of making history ,
a glossy, 145 - page hardcover book tracing the history of electrical and electronic technology, avnet' s evolving industry role, and some of its notable accomplishments .
in october 2012, avnet, inc. acquired brightstar partners, inc. and bsp software llc .
avnet ceo: cloud impacts way we all do business urltoken jul. 11th, 2011 by dave courbanou
in 1993, avnet acquired hall - mark electronics corporation, a rival distributor, for more than $ 344. 6 million. hall - mark was the third largest distributor in the country - - behind avnet and arrow electronics inc. - - and, through its allied electronics division, was among the largest catalog distributors of electronic components in the united states. avnet predicted that combined sales of avnet and hall - mark would top $ 3 billion in 1993. with this acquisition, hamilton / avnet, the largest member of avnet' s electronic marketing group, and the largest avnet subsidiary, combined with comparable operations at hall - mark to form hamilton hallmark. hall - mark computer products was to operate as a subsidiary in the avnet computer group, while continuing to function as a separate unit. with the addition of hall - mark computer products, avnet' s computer group gained new franchises, including hewlett - packard; avnet already had franchises for digital equipment, intel, ncr, seagate, and okidata .
: despite its numerous achievements, avnet’s beginnings were relatively humble. in 1921, as radios were becoming common household items, 33 - year - old russian immigrant charles avnet began distributing surplus radio parts, eventually building enough capital to open a storefront. after weathering the great depression and recouping resulting losses through wwii military sales, avnet tapped into the connector market and watched its business explode. by 1959, avnet had gone public. it also was among the first companies to introduce overnight delivery as an industry standard. in 1962, avnet aquired hamilton electro sales, a west coast electronics distributor lead by avnet' s future ceo tony hamilton. by 1968, after a series of additional key acquisitions, avnet - - specifically, electronic marketing group (hamilton / avnet) - - had established itself as the largest electronics distributor in the nation .
avnet named
world' s most admired company
in its industry by fortune for sixth consecutive year .
avnet named
world' s most admired company
in its industry by fortune for fifth consecutive year .
avnet named
world' s most admired company
in its industry by fortune for fourth consecutive year .
about avnet, inc. avnet, inc. (nyse: avt), a fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of customers by providing cost - effective, value - added services and solutions. for the fiscal year ended june 28, 2014, avnet generated revenue of $ 27. 5 billion. for more information, visit www. avnet. com .
with the contract renewal process drastically streamlined, avnet customers no longer need to search to find renewal information and can access the information quickly from a dashboard. avnet urenew also gives customers access to valuable data analytics related to :
brodeur partners for avnet, inc. marcia chapman, + 1 - 480 - 308 - 0284 mchapman @ urltoken
november 28, 2011 - avnet new jersey office awarded leed certification, showcasing the company’s successful efforts at sustainability .
avnet electronics marketing heidi elliott, 480 - 643 - 7584 senior director, marketing programs heidi. elliott @ urltoken
avnet, vallee and gordon will officially open the avnet technology museum with its more than 1, 000 feet of display area. the museum is housed in the lobby of avnet' s corporate headquarters in phoenix and will showcase 100 technology products spanning 84 years of innovation, a number of historic documents and photographs related to the technology industry, and memorabilia from avnet and other key firms that have played important roles in the evolution of the electronics industry .
“avnet is always looking for new ideas to help our customers grow their businesses more efficiently and profitably, ” said steve phillips, cio, avnet, inc. “for the first time, value - added resellers and solution providers have one view into their service contracts across multiple technology manufacturers through avnet urenew. the informationweek elite 100 recognition underscores the business value in avnet’s continued approach to innovation through digital platforms and our steadfast focus on accelerating our customers’ success. ”
lester avnet died in 1970 and was succeeded by simon sheib as chair and chief executive officer. with the country in a recession, 1970 was a tough year for avnet. the company also struggled to absorb the many acquisitions of the previous decade, and net earnings dropped. avnet arranged new financing, cut overhead, and eliminated dividends for a year. sheib and hamilton also combined avnet electronics with hamilton electro to form hamilton / avnet, which along with time electronics, became avnet' s electronic marketing group, headed by anthony hamilton. under hamilton' s leadership, the electronic marketing group became the first nationwide electronic components distributor and the first to distribute semiconductors, integrated circuits, and microprocessors .
october 24, 2011 - avnet named one of the top 12 green - it organizations in the u. s. for its use of technology to reduce energy consumption. avnet was also named to newsweek' s 2011 green rankings .
avnet boasted 24 - hour delivery of electronic components to manufacturing customers, even in 1959. (photo: business wire )
avnet has a long tradition of moving in the right direction at the right time. like its investment in connectors and microprocessors, avnet is now tapping into emerging technologies such as “the internet of things, ” big data, and smarter grids .
avnet is committed to realizing the highest levels of operational excellence in everything we do ,
said gerry fay, chief global logistics and operations officer at avnet .
the avnet global solutions center team earned this recognition from the arizona quality alliance which demonstrates our team' s ability to create efficient work environments that deliver high - quality solutions to our customers .
innovator of the year – large company: avnet, inc. , phoenix; facility source, phoenix; nextiva, scottsdale
under the leadership of ceo tony hamilton, avnet grew its computer lines business by purchasing sertech and fmi in the custom chip and microcircuitry business. the 1980s also saw the creation of the avnet development laboratories to prefect new satellite and cable television equipment. hamilton led avnet until his death in 1988, when he was succeeded by leon machiz, founder of acquisition life electronics sales .
singapore - - (marketwired - jun 7, 2017) - avnet, inc. (nyse: avt), a leading global technology distributor, has been recognized for its outstanding technical and business performance at the micron technology awards. avnet asia pacific picked up the 2016 most valuable player and best demand creation awards, while avnet taiwan won best field application engineers service 2016 .
avnet' s sales soared, reaching $ 225 million in 1974. the next year, however, recession and backlogs brought huge sales and earnings declines in the entire industry. most distributors, including avnet, were overstocked, as suppliers met monthly quotas by shipping to distributors. most severely affected by recession at avnet were its two leading groups - - consumer products and electronic marketing .
during 1975, however, not only did the company recover, but it showed record earnings of more than $ 35 million. that year, hamilton / avnet and supplier intel entered the hi - tech systems market, and avnet was soon also selling computer peripherals and then complete systems and software. in 1979, avnet hit the $ 1 billion mark in sales and had profits of $ 54 million, with the electronic marketing group accounting for almost $ 30 million of those earnings. in 1980, hamilton became chair and ceo of avnet when sheib died. the following year, avnet acquired peripherals distributor loonam associates and a 50 percent share of computer superstores. two years later, avnet was generating sales of $ 1 million a day in computer - related products .
[ amelio' s ] proven expertise will be critical in accelerating avnet' s growth, driving an enhanced execution focus and implementing management systems to promote greater accountability ,
william schumann, chairman of avnet' s board, said in a statement .
: based on 122 reviews on glassdoor. com, avnet received 3. 5 / 5 stars, with 48% of respondents recommending the company to a friend. based on 42 ratings avnet ceo, rick hamada, received a 64% approval rating .
ends about avnet technology solutions as a global it solutions distributor, avnet technology solutions transforms technology into business solutions for customers around the world. it collaborates with customers and suppliers to create and deliver services, software and hardware solutions that address the changing needs of end - user customers. the group serves customers and suppliers in north america, latin america and caribbean, asia pacific, and europe, middle east and africa. it generated us $ 11. 0 billion in annual revenue for fiscal year 2014. avnet technology solutions is an operating group of avnet, inc. for more information, visit http: / / www. ats. avnet. com .
: arrow is avnet’s closest direct global competitor, offering electronic distribution services and enterprise computing solutions to hundreds of thousands of global customers .
these acquisitions expanded the company into the new fields of semiconductors, relays, and potentiometers. [ 9 ] in 1964, the company renamed itself again as avnet, incorporated. founder charles avnet died that same year, and his son lester became president and chairman .
by 1993, avnet had streamlined more than 100 storage facilities into just three warehouses. inventory and purchasing in these warehouses were computer - controlled. at the time the largest distributor in the country, avnet then acquired the third largest distributor, hall - mark electronics corporation, for $ 344. 6 million. with this acquisition, hamilton / avnet combined with hall - mark to form hamilton hallmark. avnet' s computer business gained new suppliers at this time, including hewlett - packard, digital equipment, ncr, seagate, and okidata. the acquisition also made avnet the only u. s. distributor to carry all of the top five american semiconductor lines .
march 2, 2012 - avnet named
world' s most admired company
in its industry by fortune for fourth consecutive year .
miriam murphy, senior vice president, avnet technology solutions, north region, emea, said, “winning these awards recognises the marketing team as an outstanding group of professionals in their field and rewards the significant contribution they each make to avnet’s business on a daily basis .
mccreadie, john ,
avnet takes progressive stance to build profits ,
electronic business, october 30, 1989, p. 70 .
during world war ii, avnet made antennas for the u. s. armed forces. charles' s son, lester, joined the business at that time. [ 10 ] after the war was over, avnet focused on buying and selling surplus electronic and electrical parts .
in a year of ceo transitions and an uncertain economy, avnet outperformed. sales for 2011 broke records and the company is well positioned for continued. expanding into cloud computing and building upon existing distribution programs and pre - packaged solutions position avnet for continued growth. and while avnet is recognized as an industry leader, it is also recognized for its community involvement, sustainability, and as a great place to work .
after the war, the company concentrated on buying and selling surplus electronic and electrical parts. a significant contract with bendix aviation corporation helped avnet' s sales soar, and the company opened a second warehouse in los angeles, soon becoming an authorized jobber and assembler of electrical connectors for bendix. in 1955, the company incorporated as avnet electronics supply co. , inc. , and by the end of the year avnet had sales of $ 1 million and a net loss of $ 17, 000. in 1958, the company became avnet electronics corp .
chairman and ceo roy vallee said avnet expects to achieve its stated return - on - capital goal of at least 12. 5 percent on the bell micro transaction following the completion of integration, which he expects to occur by the end of avnet' s fiscal year in 12 months .
avnet is uniquely positioned to grow faster than the market and leverage that growth into increased economic profits / shareholder value. investor presentation 12 / 11
the dragon innovation acquisition follows two previous acquisitions to further enhance avnet’s role in developing new technology products, particularly projects that advance internet of things .
when world war ii started, radio parts became important to the war effort. since production of home radio sets was prohibited, radio shop owners began selling parts to government and defense contractors instead of consumers. during this time, charles avnet and his son lester established avnet electronic supply co .
hollywood producers may not typically frequent corporate celebrations, but when avnet inc. (nyse: avt) marks its 50th anniversary as an incorporated company on friday, july 22, jon avnet - - producer and director of more than 50 motion pictures and television shows - - will be there .
electronics distributor avnet inc. announced the largest acquisition in its history tuesday with the $ 631 million purchase of san jose - based bell microproducts inc .
bell micro' s business in latin america, europe, the middle east and africa and its north american data - center business will be integrated into avnet technology solutions. bell micro' s north american embedded business, including embedded components like hard drives, will be integrated into avnet electronics marketing .
avnet said it will explore alternatives for bell micro' s single - tier reseller business, which had sales of approximately $ 450 million in 2009 .
during the 1980s, ceo hamilton, known as a superb salesperson, helped avnet become the leading industrial distributor in the united states because of his innovative approach to the industry. hamilton led avnet until he died of cancer in 1988 at the age of 64, and he was succeeded by machiz .
in 2015, avnet earned tdk - lambda america’s distributor of the year honors for setting the company’s previous all - time high pos of $ 10m .
in 1960, avnet made its first acquisition, british industries corporation, and gained a listing on the new york stock exchange. that year, avnet had sales of more than $ 4 million and net income of $ 1 million. avent' s acquisitions during this time included hamilton electro corporation in 1962, fairmount motor products co, inc. in 1963, and valley forge products, inc. in 1964. under the agreement between avnet and hamilton, the companies remained autonomous; hamilton bolstered avnet' s strong connector business with semiconductor technology and, in turn, hamilton expanded its program nationwide .
avnet' s predecessor was a small distributor of radio replacement parts founded by charles avnet in 1921 in lower manhattan. avnet and other entrepreneurs set up small parts jobbing operations in the basements or back rooms of their parts stores on courllandt street in new york to sell ham radio parts to ships and hobbyists in the early days of radio broadcasting, before commercial, battery - powered radios were available .
radio rows
sprang up in new york and other major cities, and avnet and the other dealers sold parts and made repairs, first on ham radios, and then as manufacturing developed, on commercial sets. as radio manufacturing grew, parts distribution also took off. during the 1930s, avnet' s company also manufactured automobile antennas and car radio kits .
history of distribution ,
1983 annual report, great neck, new york: avnet, inc. , 1983, pp. 6 - 8 .
avnet' s stock opened monday down 2. 2 percent to $ 40. 35 per share. the ceo change was announced before the market opened .
but by the mid - 1970s, an economic downturn had forced avnet to sell off business units that didn' t relate to its core mission of sales, warehouse and stocking facilities. that was also the time when avnet began investing in electronics and computing technology, leading eventually to the technology solutions division .
in 1957 the jazz label pacific records was acquired. in 1963, the label was sold to avnet (an electronics corporation) for $ 12 million. avnet also bought blue note records, imperial records, dolton records, aladdin records and minit records. after 2 years of loses, avnet sells the labels back to al bennett for $ 8 million. in 1966 a reissue label sunset records was started to deal with previously issued records from the new labels .
avnet, inc. announced that it was selected for the informationweek elite 100 – a list of the top business technology innovators in the u. s .
for the second year running avnet was awarded best sales and marketing team (distributor), and linda patterson, marketing director, avnet north region, won manager of the year (distributor). the awards were presented at a black tie gala dinner held on thursday 2nd july at the brewery, london .
“avnet urenew completely changed the renewal process for our customers with instant visibility into service contracts they’ve sold to their customers, ” said christy anderson, vice president of strategic sales, avnet technology solutions, americas. “this unprecedented visibility allows avnet’s customers to capture annuity revenue streams and expand their services businesses. also, the platform allows value - added resellers and solution providers to proactively manage conversations with their customers about their service contracts, further positioning them as trusted advisors. ”
producer of the tony award - winning
spamalot
on broadway and many films including
risky business
and
sky captain and the world of tomorrow ,
and director of
fried green tomatoes
and
up close and personal ,
jon avnet is the grandson of the late charles avnet, a russian immigrant who began selling radio parts on new york city' s radio row in 1921 and co - founded avnet electronic supply co. with jon' s late father, lester, who served as president from 1955 to 1967 and chairman from 1964 to 1969. he will speak at the golden anniversary celebration of avnet' s incorporation and grand opening of the avnet technology museum, as will phoenix mayor phil gordon, and chairman, ceo and 28 - year avnet veteran roy vallee. mayor gordon will read an official proclamation in honor of the occasion. vallee will read an official proclamation from gov. janet napolitano .
by the 1990s avnet had expanded globally. it became a major pioneer in supply chain solutions with its introduction of computer - based shipment tracking, especially under the guidance of then - president leon machiz, who transformed hamilton / avnet electronic marketing group from a system of stocking, sales, and support facilities, into a highly efficient constellation of technologically integrated megawarehouses, field support hubs, and local sales branches. since 2005, avnet has seen steady year over year growth .
elite 100 – a list of the top business technology innovators in the u. s. avnet was recognized for the development of an innovative, cloud - based
our 50th anniversary celebration honors the company that the avnet family and thousands of other passionate, talented and dedicated people have created ,
said vallee .
may those celebrating the 100th anniversary of our incorporation in 2055 feel the same sense of pride and optimism for the future of avnet that we do today .
ceo leaders since the 1970s for avnet have included tony hamilton, leon machiz, roy vallee, rick hamada and william amelio [ 19 ] (current) .
phoenix - based global technology distributor avnet inc. has acquired dragon innovation to expand its offerings for customers as they move from design to prototype to volume production .
avnet (nyse: avt) was up 1. 20 percent, or 43 cents, closing at $ 36. 36 tuesday, according to google finance .
rick hamada has more than 28 years of experience with avnet and a broad background in the technology industry, spanning from his early career as a technical specialist to leading a multi - billion dollar sales and marketing organization. he was named avnet chief executive officer in february 2011, effective july 4, 2011, and was concurrently elected to avnet' s board of directors. he spearheaded efforts to drive profitable growth through enterprise initiatives focused on operational excellence, employee engagement and customer engagement .
in 1971, after two years of declining earnings, avnet experienced an increase in earnings. this turnaround was accomplished in part by eliminating the profit drain caused by channel master' s oem color picture tube business. while consumer products had been the leading segment of avnet' s business for decades, in the early 1970s, the electronic marketing segment came on strong, and by 1973 it accounted for the highest sales in the company. company officials attributed this in part to the consolidation of the hamilton electro and avnet electronics divisions. earnings for the year were $ 21. 7 million. during this period, intel corp. , a new company that had brought out the first microprocessor, signed hamilton / avnet as a distributor, thus providing the opportunity for avnet to become involved in the computer business .
in november, avnet acquired a small vietnamese technology distributor and, on march 4, announced the acquisition of a value - added electronics distributor in the czech republic .
avnet has purchased a number of companies to broaden their reach in ecosystem services including hackster. io, dragon innovation, and uk based premier farnell. [ 8 ]
company: avnet inc. , phoenix, az company description: avnet, inc. , a fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology in the world. avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of more than 100, 000 customers and providing cost - effective, value - added services and solutions. nomination category: company / organization categories nomination sub category: company of the year - electronics
in conjunction the change in leadership, avnet announced that sales in the americas region of its semiconductor - focused electronics marketing business are expected to come in $ 100 million below the prior outlook due to an enterprise resource planning (erp) implementation in the region. the region also incurred higher costs to maintain customer deliveries, avnet said .
the book builds on interviews with more than 50 people who were with avnet in its early years, family members of those who are deceased, and electronics industry veterans with colorful insights and stories of a young and growing industry dependent on technological breakthroughs. avnet annual reports dating from 1959 provided a wealth of material and old photos. newspaper clippings and electronics industry archives yielded useful historic facts and figures. each of avnet' s 10, 000 employees will receive a copy of this commemorative book that covers the company from its beginnings when charles avnet sold surplus radio parts on new york city' s radio row to the invention of the microprocessor in 1971 to the information age .
the 1960s continued to be a period of acquisition, and avnet purchased guarantee generator & armature co. in 1965, channel master corporation in 1967, and brownell inc. , carol wire and cable corporation, and machiz' s time electronic sales in 1968. regarding the time electronic acquisition, some claimed a conflict of interest, as time electronic was a distributor for cannon, while avnet distributed for rival bendix. to accommodate the two rival suppliers, machiz and avnet kept their two companies separate and independent .
dragon innovation has 30 employees in boston, and in shenzhen and hong kong, china. all current dragon employees will be retained by avnet, according to the company .
rayner, bruce c. p. ,
avnet, other distributors getting into the groove ,
electronic business, october 16, 1989, pp. 199 - 202 .
in 1979, lester avnet died [ 14 ] and was succeeded by simon sheib as chief executive officer. sheib, along with anthony hamilton, president of the hamilton electro corporation acquisition, combined the two companies to form hamilton / avnet, which eventually became avnet electronic marketing group, led by hamilton. the combine shifted its strategy during this time to focus on sales, warehouse and stocking facilities, product development, and expanding markets, and became the first distributor of semiconductors, integrated circuits, and microprocessors. [ 11 ]
in sept 2016, tech data purchased avnet' s technology solutions for $ 2. 6b. in october 2016, the company purchased premier farnell for £691m. [ 17 ]
we' re very pleased to award the title of 2016 most valuable player and best demand creation awards to avnet ,
said lorenzo ponzanelli, senior director of worldwide distribution, micron technology inc .
avnet provides us with a powerful combination of demand creation focus, technical resources investment with supporting design capabilities in solution development for amongst our customers .
avnet' s solid performance in 2011 demonstrates the company' s ability to help our customers and suppliers take advantage of growth opportunities around the globe ,
said rick hamada, chief executive officer of avnet, inc .
i am extremely proud of our team for receiving this recognition once again. avnet' s continued presence at the top of fortune' s list of most admired companies is a testament to our employees' ability to deliver highly - valued and differentiated services that accelerate the success of the partners we serve .
at the same time, other companies that would become key elements in avnet' s development were being launched; some of their founders would go on to become top executives at avnet. in 1948, leon machiz and partner seymour schweber invested $ 3, 000 each to start life electronics sales, which sold surplus connectors. the company prospered, but eventually the two split up, and machiz founded time electronics. with the start of the space program in the late 1950s, avnet, time electronics, and the other electronic distributors thrived .
during that era, avnet sold everything from guitars and perfume bottles to television antennas and die - casting machines, leading to an encounter with beatles legends john lennon and george harrison .
avnet enables success from the center of the technology industry, providing cost - effective services and solutions vital to a broad base of more than 100, 000 customers and 250 suppliers. the company markets, distributes and adds value to a wide variety of electronic components, enterprise computer products and embedded subsystems. through its premier market position, avnet brings a breadth and depth of capabilities that help its trading partners accelerate growth and realize cost efficiencies. avnet currently generates more than $ 13 billion in revenue through sales in 69 countries. visit urltoken .
frederick fu, president of avnet asia pacific, said: “the ip & e market is significant to avnet as it forms the core foundation of our business in the provision of total - solutions. the multiple awards we have received are testament to avnet’s position as a trusted distributor of ip & e products in the region. our valued partners and team of experts are instrumental to our successful growth. providing value - added support and solutions through our design chain capabilities have always been a key differentiator to drive further success for our partners. ”
declines in government and military spending continue to hurt some firms, as do slowing conditions in some markets in asia. the biggest of the big remain diverse enough to weather the storm, however, and are committed to their expansion strategies. stephen wong, president of avnet electronics marketing asia, recently commented on the company’s ahead - of - the - curve investment in inland china as one example (see avnet seeks global growth). avnet electronics marketing asia has more than 30 locations in china, many of which are in emerging cities inland .
the departure of hamada – who had been with the company since 1983 – as ceo and from avnet' s board of directors is effective immediately, according to the company. the spokeswoman said avnet will vet external and internal candidates – including amelio – for the top slot, and expects to complete its search for a new chief executive within the next six months .
amelio, who has sat on avnet' s board of directors since may 2014, expects to focus intensely on customer and supplier relationships in his first couple of weeks as ceo, the company spokeswoman told crn. amelio will also meet with avnet' s leadership team in operational reviews and drill down on the company' s business strategy, according to the spokeswoman .
avnet, inc. is the world’s largest distributor of electronic components. the company is headquartered in phoenix, arizona, and has over 400 locations worldwide, with 19, 000 employees and more than 100, 000 customers. avnet is ranked 117 on the u. s. fortune 500 list, with approximately $ 27. 5 billion in revenues in fy 2014 .
in 1998, roy vallee entered as ceo and chairman, [ 15 ] the same year that the company relocated its corporate headquarters to phoenix (from great neck, ny). under vallee' s tenure, avnet acquired more than 60 companies and grew globally. avnet launched their first global warehouse in 1999, where customers around the world could track their order status .
the two acquisitions are the latest in a slew for avnet, which fueled its growth for most of the past decade with purchases that all but disappeared when the economy turned south in 2007 .
in the 1970s, avnet shifted its business operations away from military products and toward newer ventures that were brewing in silicon valley - - namely, microprocessors. just a year before, in 1969, avnet was the first technology distributor to place an order with intel. it had also forged relationships with major semiconductor suppliers, such as motorola, fairchild semiconductor, rca, and signetics .
from components to cloud and design to disposal, avnet, inc. (nyse: avt) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. avnet is a fortune 500 company with revenues of $ 27. 9 billion for the fiscal year 2015. for more information, visit urltoken .
from components to cloud and design to disposal, avnet, inc. (nyse: avt) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. avnet is a fortune 500 company with revenues of $ 27. 9 billion for the fiscal year 2015. for more information, visit urltoken .
however, in the early 1980s the country was once again experiencing economic recession, and earnings for the electronic marketing group declined. in 1982, avnet sold its wire and cable businesses. nevertheless, confident that its new computer lines would prove profitable, the company purchased sertech and fmi in the custom chip and microcircuitry businesses and set up avnet development labs to develop satellite and cable tv equipment .
during this time, many suppliers and customers wanted avnet to have a stronger european presence, and during an 18 - month period in the early 1990s, avnet acquired three european distributors: f. h. tec composants of france, nortec ab of scandinavia, and access group, a british semiconductor distributor. in early 1993, avnet acquired electronic 2000 ag, which did business in germany, austria, and switzerland, and announced its intention to acquire adelsy, an italian electronic components distributor. although 90 percent of avnet' s 1992 revenues came from domestic sales, machiz restated his commitment to global expansion, anticipating that the bulk of the company' s growth through the end of the century would come from international trade. because distribution in europe was not nearly as centralized as in the united states, machiz saw great opportunity to improve service and cut costs of overseas operations. he predicted that avnet would reach $ 1 billion in international sales by the end of the century .
avnet moved beyond the industrial and military industries and into the consumer electronics market with the 1960 purchase of audio equipment company british industries corp. and the acquisition of guild musical instruments five years later .
the awards were presented by various technology partners across the region in recognition of avnet’s outstanding performance in driving profitable growth and sales for the interconnect, passive and electromechanical (ip & e) business .
the arizona technology council and the arizona commerce authority announced individual award winners, company award finalists and student and teacher awards for the 2016 governor’s celebration of innovation awards (gcoi) presented by avnet .
avnet ceo rick hamada has stepped down after more than five years in the top slot, and is being replaced on an an interim basis by former lenovo ceo bill amelio, the company announced monday .
“with the addition of dragon innovation to our connected ecosystem, avnet further meets the needs for companies of all sizes head on – helping them launch new hardware products in an efficient and cost - effective manner that accelerates time to market, ” said avnet ceo bill amelio. “dragon innovation’s hardware manufacturing expertise augments avnet’s design and supply chain capabilities beyond electronic components to encompass the entire finished product. equally important, dragon innovation complements our digital strategy by delivering their services through a combination of software and access to subject matter experts matched to the customers’ needs as they move swiftly through the stages of product development. ”
avnet announced in november it was buying san francisco - based hackster inc. for an undisclosed price. urltoken is an online community that helps startups learn how to design and build internet - connected hardware .
entering the 1970s with $ 9 million of annual distribution sales, arrow ranked no. 12 among u. s. electronics distributors. no. 1 - ranked avnet was 8 - times arrow’s size .
more detailed information about these and other factors is set forth in avnet' s filings with the securities and exchange commission, including the company' s reports on form 10 - k, form 10 - q and form 8 - k. except as required by law, avnet is under no obligation to update any forward - looking statements, whether as a result of new information, future events or otherwise .
“avnet’s outstanding sales performance has earned them our distributor of the year honors for the second year in a row, ” said juliet fajardo, director national distribution sales, tdk - lambda americas. “this performance is a testament to a great working relationship, solid business plan and a strong tenacity on execution to get the job done. all at tdk - lambda americas are proud of our partnership with avnet. ”
from components to cloud and design to disposal, avnet, inc. (nyse: avt) accelerates the success of customers who build, sell and use technology globally by providing them with a comprehensive portfolio of innovative products, services and solutions. avnet is a fortune 500 company with revenues of $ 26. 2 billion for the fiscal year 2016. for more information, visit urltoken. (avt _ ir )
avnet' s 50 longest - term employees (aka the fab 50) are also being honored at the ceremony, including betty fleming, a 40 - year company veteran based in woodland hills, calif .
avnet’s business is divided into two primary segments. the first, electronics marketing (em), distributes electronic components and embedded systems to oems and ems providers, as well as design - and supply - chain services. the second, technology solutions (ts), is avnet’s enterprise computing segment, which collaborates with customers and suppliers to create and deliver services, software, and hardware solutions to address business needs .
avnet' s business thrived during the 1950s korean conflict and launch of the u. s. space program, as charles, along with his sons lester and robert, assembled electric connectors for missile systems, airplanes, and other military applications. in 1955, avnet electronic supply company was incorporated with a primary business of selling capacitors, fasteners and switches. in 1956, the corporation opened a second connector assembly plant near los angeles specifically for the aircraft industry. three years after it incorporated, the company changed its name to avnet electronics corporation, and went public on the american stock exchange the following year. [ 11 ]
download the top 50 distributors 2014 as a. pdf this file includes the top 50 article, the methodology behind the survey, 5 questions with avnet, and the complete 1 - 50 list of the top distributors
by the end of the 1960s, avnet was among the top three electronics distributors in the nation with diversified interests in five areas: electronic marketing, consumer products, wire and cable, automotive, and electrical and engineering .
by 1992, the ten largest distributors in the country controlled 71 percent of the market, up from 58 percent in 1980. avnet had endured several years of disappointing financial performance but came back in 1992 with $ 1. 76 billion in sales. that performance accounted for an 18 percent share of the u. s. electronic components distribution market. sales by its electronic marketing group accounted for 80 percent of avnet' s earnings and revenues .
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“when tdk - lambda named avnet its distributor of the year last year, the company said it was ‘the first step towards greater sales goals and milestones as we work together in the future, ’” said ed smith, president, avnet electronics marketing americas. “for avnet to earn this recognition for the second straight year is a tremendous accomplishment for each member of the team, particularly doug, whose leadership and professionalism have been instrumental in building the strong spirit of collaboration between our two companies. i can’t wait to see what we can accomplish in the year to come as we look to provide customers with industry - leading power supply solutions, backed by unparalleled design and supply chain support. ”
in september 2016, tech data corporation announced that it had entered into an agreement acquire the technology solutions operating group from avnet, inc. in a stock and cash transaction valued at approximately usd $ 2. 6 billion. under the terms of the agreement, avnet received at closing approximately $ 2. 4 billion in cash and 2. 785 million shares of tech data common stock, representing an approximate 7 percent ownership position in tech data. [ 20 ]
avnet is one of the world’s largest global distributors of ip & e components, enterprise computing, storage products and embedded subsystems. it offers expertise with strong technical knowledge, designing products for market applications, serving different markets and countries .
phoenix - - (business wire) - - avnet, inc. (nyse: avt), a leading global technology distributor, was recently named 2016 best performing national distributor by tdk - lambda americas, for reaching a record - high $ 12m in point of sale (pos) for the year in north america. in addition, avnet electronics marketing americas’ director of supplier management doug barker was recognized by tdk - lambda americas for his outstanding support and commitment .
“linda’s individual award is well - deserved. her energy, passion and engagement have no boundaries and under her leadership she has formed a team that delivers best - in - class strategic marketing, which is fundamental to avnet’s success. ”
the board believed that change in leadership was needed to accelerate the progress on avnet' s growth, drive a greater sense of urgency and enhance our focus on execution ,
a spokeswoman for the phoenix - based distributor told crn .
™. this innovative platform provides avnet’s value - added reseller and solution provider customers in the u. s. and canada with a single, consolidated view into the status of current service contracts related to their customers’ hardware and software purchases .
the moves are part of avnet’s (nyse: avt) global branding campaign launched in april to show how the company works with startups and makers to large technology corporations to help navigate the complex process of bringing new technology to the marketplace .
micron is a world leader in memory and semiconductor technology and a valued supplier partner to avnet. these awards - - which are based on micron' s sales numbers for 2016 and its extensive solutions capabilities - - are important indicators of our asia pacific teams' ability to support tech suppliers, like micron. we' re committed to creating end - to - end solutions that meet current market trends and demand ,
said frederick fu, president in asia pacific, avnet .
phoenix - based avnet, which employs 12, 000 and is the largest arizona fortune 500 company, said the deal substantially improves its global scale by strengthening its position in europe and the americas, including the fast - growing latin american market .
hamada was elevated to ceo after nearly 30 years with the company. he joined the hamilton / avnet electronics division in 1983 as a technical specialist, and also worked in sales roles before being named global president of avnet computer marketing in 2002. a year later, he was named global president of the technology business and served in that role until 2006, when he became chief operating officer. four years later, he was promoted to president and coo, then became ceo in 2011 .
industry analysts at estoreinfo say the key to avnet' s long - term success is its supply chain management solutions, which include forecasting component demand, distribution management, vendor managed inventory (vmi) and just in time delivery. [ 18 ]
greenville, sc - - (marketwired - june 15, 2016) - kemet corporation (nyse: kem), a leading global supplier of electronic components, announced avnet, inc. (nyse: avt), a leading global technology distributor, as the winner of its 2015 jim bruorton distributor of the year award. avnet' s exceptional growth in specialty product categories, design registrations, financial performance and sales metrics were among the criteria used to select this year' s winner .
avnet also acquired leeds, england - based premier farnell, the maker of the raspberry pi mini computer, for $ 909. 5 million last year. premier farnell’s element14 offers an online community where customers can ask technical questions and learn about technology .
kemet remains an industry leader thanks to its commitment to innovation. recent product introductions, including rohs - compliant ferrite inductors and the new ultra hiq - cbr squared multilayer ceramic capacitors, demonstrate kemet' s dedication to the future ,
said ed smith, president, avnet electronics marketing americas .
avnet is honored to receive kemet' s distributor of the year recognition, and we look forward to contributing to the ongoing success of kemet, and our mutual customers, in the years to come.
avnet , inc. is one of the world 's largest distributors of electronic components and embedded solutions and is headquartered in phoenix , arizona . although the corporation 's products have been an important part of computer networking , the corporate name is neither an acronym nor a coined word , and dates from nearly a century ago , when it was founded by charles avnet in 1921 . after its start on manhattan 's radio row , the company became incorporated in 1955 and began trading on the new york stock exchange in 1961 . avnet currently ranks # 108 on the fortune 500 and # 380 on the fortune global 500 , reporting fy 2016 revenues of $ 26.2 billion . 
avnet, inc. is one of the world's largest distributors of electronic components and embedded solutions and is headquartered in phoenix, arizona. although the corporation's products have been an important part of computer networking, the corporate name is neither an acronym nor a coined word, and dates from nearly a century ago, when it was founded by charles avnet in 1921. after its start on manhattan's radio row, the company became incorporated in 1955 and began trading on the new york stock exchange in 1961. avnet currently ranks # 108 on the fortune 500 and # 380 on the fortune global 500, reporting fy 2016 revenues of $ 26.2 billion.
avnet, inc. is one of the world's largest distributors of electronic components and embedded solutions and is headquartered in phoenix, arizona. although the corporation's products have been an important part of computer networking, the corporate name is neither an acronym nor a coined word, and dates from nearly a century ago, when it was founded by charles avnet in 1921. after its start on manhattan's radio row, the company became incorporated in 1955 and began trading on the new york stock exchange in 1961. avnet currently ranks # 108 on the fortune 500 and # 380 on the fortune global 500, reporting fy 2016 revenues of $ 26.2 billion.