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November 27, 2007 -- Tyco Electronics has extended its franchise agreement with Avnet Electronics Marketing to include all of Europe, Asia Pacific, Japan and India.
According to a press release, the extension of the global franchise agreement is focused on Tyco Electronics' electronic components segment, which includes connectors and interconnect systems, relays, switches, circuit protection devices, sensors, wires and cable. These products are used primarily in the automotive, computer, consumer electronics, communication equipment, appliance, aerospace and defense, industrial machinery and instrumentation markets.
"For 60 years, Tyco Electronics has a held a leadership position in the electronics industry. Through our newly expanded agreement with them, we are able to offer many advantages for our mutual customers across the globe, including shorter lead times, reduced time to market, and a broad product line," comments Tom McCartney, senior vice president of IP&E business development worldwide for Avnet Electronics Marketing. "We look forward to working with Tyco Electronics to offer market-leading products and Avnet's support and supply chain capabilities locally on a global basis."
"Avnet has a long-standing track record of providing exceptional service to our customers in the Americas," adds Jack Voelmle, vice president for Tyco Electronics' global industrial and commercial business. "We are very pleased to offer our customers around the world the same opportunity to benefit from Avnet's superior logistical capabilities and innovative services."
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