The industrial automation manufacturer saw explosive sales growth in 2Q compared to 1Q.
Latest In Electronics
Thief River Falls, Minnesota Mayor Brian Holmer proclaimed April 3, 2023 as 'Digi-Key Day in the city of Thief River Falls.'
Midori Precisions develops, manufactures and sells potentiometers, encoders and other electronic components.
AMETEK also recently appointed a new VP of Strategic Procurement and a new VP of Operational Excellence in November.
Rebecca Obregon-Jimenez will fill the newly created role at Avnet.
The two acquisitions support Auxo's recent purchase of Golden State Supply, another wire and cable manufacturer.
Digi-Key also added over 75,000 new SKUs to its core business unit in 2022.
Avnet's 2Q sales were up 14.5% year-over-year, according to its Feb. 2 earnings announcement.
The merger is effective Jan. 1, 2023, and ICS’s staff will remain intact following the acquisition.
Jose Munoz held several positions with AMETEK prior to his promotion.
RS Group's chief services officer will act as president of Allied in the interim.
Ken Jacobson, who served as interim CFO in 2017-18, takes over financial leadership for the electronics distribution giant.
Digi-Key now offers a wide selection of Schneider Electric’s power, automation and control, and sensor products.
It makes Galco the first and only global supplier of IMO products online, which include mini circuit breakers, AC drives, PLCs, HMIs and more.
The company said the 2.2-million-square-foot expansion allows it to pick, pack and ship nearly three times the previous daily average of packages.
Our long-awaited annual rundown of the top distributors across 17 industrial, construction and commercial products sectors is available to view and download.
The rapidly-growing distributor suddenly has a strong foothold in OEM home products after acquiring Emcompass Supply Chain Solutions.
MDM’s new report, Markets Forecast, offers quarterly revenue projections for the wholesale distribution industry, plus breakouts for select categories, for the current calendar quarter and the next fiscal year. The inaugural Forecast looks at post-pandemic projections for distributors as a whole, plus specific sectors.
MDM’s quarterly survey in partnership with investment banking firm Baird reveals that distributor revenues decelerated sharply in 2Q but not as bad as feared at the beginning of the pandemic shutdown. One consensus among more than 550 participants: Distributors began rethinking the way they manage talent.
Management from both companies have started working together to offer superior services to customers and partners across France.