Avnet Expands Interconnect and Power Portfolio with New Global Bel Fuse Franchise Agreement
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.”