Avnet Signs Pan-European Distribution Agreement with Foxconn

Bracknell, Berkshire -- Avnet Technology Solutions, the solutions distribution leader and an operating group of Avnet, Inc. (NYSE: AVT), announced today that it has entered into a pan-European agreement with Foxconn. The agreement enables Avnet to distribute Foxconn’s AMD- and Intel-based motherboards and Barebone chassis components to its extensive group of channel partners, including system developers and original equipment manufacturers (OEMs) throughout Europe. The new relationship expands Avnet’s ability to provide its partners with components instrumental in developing desktop gaming solutions and small form factor computing devices, such as nettops, for enterprise applications.

Rajesh Suman, vice president of Computer Components, Avnet Technology Solutions, EMEA, commented, “Avnet is committed to generating growth opportunities for its partners through localized support and international scope. The expansion of our line card to include Foxconn’s motherboards and Barebone chassis components will help us further meet the unique needs of OEMs and system developers in EMEA. Our channel partners can also leverage Avnet’s extensive portfolio of complementary off-the-shelf components and distribution and integration services to improve their time-to-market.”

Avnet understands the unique needs of the OEM and system developer community. Avnet’s deep technical knowledge and support helps reduce system developers’ engineering time and costs. The company provides a broad range of product lifecycle management services that support channel partners from solution development through delivery. These services include concept design, engineering, manufacturing, systems integration, order management, warehousing and logistics.

“Our new distribution relationship with Avnet is vital to Foxconn’s pan-European business expansion strategy because they recognize the unique needs of each market, while still being able to provide multi-national support,” said Dennis Lin, Foxconn General Manager in Europe. “With Avnet’s deep technical knowledge and services offerings, we know they’ll be able to provide our customers with the support needed to develop high-quality products based on Foxconn technology, and bring them to market quickly.”