Premier Farnell and IDT Announce New Global Franchise
New Global Distribution Partnership Will Deliver Industry-Leading Products to Premier Farnell customers
Premier Farnell, the Development Distributor, together with Integrated Device Technology, Inc. (IDT) (NASDAQ: IDTI) today announced a partnership agreement for the worldwide distribution of IDT’s market-leading RF, high-performance timing, memory interface, real-time interconnect, optical interconnect, wireless power and sensing solutions through all of the Premier Farnell companies. Premier Farnell operates as Farnell element14 in Europe, Newark element14 in North America and element14 in APAC.
Premier Farnell is a global technology leader with over 80 years’ experience in the high service distribution of technology products and solutions for electronic system design, production, maintenance and repair.
“This agreement with Premier Farnell and Farnell element14 in Europe is an example of IDT continuing to expand its product portfolio and extend its customer reach into broader markets while complementing its existing communications, automotive, industrial and consumer customer base,” said Chris Allexandre, senior vice president global sales and marketing at IDT. “Premier Farnell’s experience in the high technology service distribution business, broad customer base and award-winning element14 engineering community makes them an ideal partner and we are excited to leverage their leadership position to accelerate IDT’s new customer acquisition and growth in the broader market.”
Simon Meadmore, Global Head of Semiconductors for Premier Farnell added: “As the Development Distributor we seek to provide our customers with access to supplier ranges that enable them to get their products to market quickly. The addition of IDT ‘s market leading ranges from high-performance and full-featured radio frequency (RF) products through to serial switching devices and memory interface devices adds tremendous value and increased choice for our customers.”
This new relationship between IDT and Premier Farnell builds upon a 30 year+ relationship with Premier Farnell’s parent company Avnet.
Premier Farnell is a global technology leader with over 80 years in the high service distribution of technology products and solutions for electronic system design, production, maintenance and repair. Premier Farnell uses this experience to support its broad customer base, from hobbyists to engineers, maintenance engineers and buyers as ‘The Development Distributor’, working with leading brands and start-ups to develop new products for market, and supporting the industry as it seeks to develop the current and next generation of engineers.
Premier Farnell is a business unit Avnet, Inc., (NYSE:AVT). Premier Farnell trades as Farnell element14 in Europe, Newark element14 in North America, and element14 throughout Asia Pacific. The Premier Farnell Group is supported by a global supply chain of more than 3,500 suppliers and has an extensive inventory profile developed to anticipate and meet the needs of innovative customers everywhere. Premier Farnell sells direct to consumers through Forthings.io in the UK and Ireland, Spain, Denmark, Finland and Sweden, a network of resellers, and its CPC business in the UK.
For more information, visit the website at http://www.premierfarnell.com
Integrated Device Technology, Inc. develops system-level solutions that optimize its customers’ applications. IDT’s market-leading products in RF, high performance timing, memory interface, real-time interconnect, optical interconnect, wireless power, and smart sensors are among the company’s broad array of complete mixed-signal solutions for the communications, computing, consumer, automotive and industrial segments. Headquartered in San Jose, Calif., IDT has design, manufacturing, sales facilities and distribution partners throughout the world. IDT stock is traded on the NASDAQ Global Select Stock Market® under the symbol “IDTI.” Additional information about IDT can be found at www.IDT.com. Follow IDT on Facebook, LinkedIn, Twitter, and YouTube.