Avnet Electronics Marketing and Navico Announce Exclusive Global Supply Chain Pact.PHOENIX & LYSAKER, Norway -- Avnet Electronics Marketing, an operating group of Avnet, Inc. (NYSE NYSE See: New York Stock Exchange : AVT AVT avian arginine vasotocin. See vasotocin. ) and Navico announce an exclusive long-term global supply chain partnership, effective immediately. Avnet Electronics Marketing (EM) will serve as the components pipeline for Navico's seven marine electronics brands - B&G, Eagle, Lowrance, MX Marine, Navman, Northstar and Simrad - providing a host of design and supply chain services that ensure Navico has a seamless end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. across the globe. "Navico is pleased to enter into this partnership with Avnet. We look forward to capitalizing on Avnet's wealth of experience to drive improvements in the efficiency of our supply chain, improve design cycles, reduce risk and ultimately improve the overall profitability of Navico," said Jane M. Kaiser, executive vice president of global sourcing and logistics at Navico. "Navico is a brand powerhouse, and we can't wait to get started with working on this exclusive partnership," said Steve Boysen, senior vice president/director of supply chain at Avnet Electronics Marketing. "We will leverage our position in the supply chain and design chain field to help Navico accelerate growth and realize cost efficiencies. We look forward to this long term partnership with Navico and the mutual success it will enable." About Avnet Electronics Marketing Avnet Electronics Marketing is an operating group of Phoenix-based Avnet, Inc. (NYSE:AVT), a Fortune 500 company. Avnet Electronics Marketing serves electronic original equipment manufacturers (EOEMs) and electronic manufacturing services (EMS) providers in 70 countries, distributing electronic components from leading manufacturers and providing associated design-chain and supply-chain services. The group's Web site is located at http://www.em.avnet.com. About Avnet With more than 250 locations serving customers in 70 countries worldwide, Avnet markets, distributes and adds value to the products of the world's leading electronic component suppliers, enterprise computer manufacturers and embedded Inserted into. See embedded system. subsystem providers. Additionally, Avnet brings a breadth and depth of service capabilities, such as supply-chain optimization, logistics solutions, product assembly, device programming, computer system integration and engineering design assistance. For the fiscal year ended June 30, 2007, Avnet generated revenue of $15.68 billion. Visit www.avnet.com/. About Navico Navico is the parent company to seven well established marine electronics brands: B&G, Eagle, Lowrance, MX Marine, Navman, Northstar and Simrad. Navico has approx 2,800 employees globally and 2006 pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma revenues of close to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 320 million. Navico is headquartered in Oslo, Norway. The company has development and manufacturing facilities in Tulsa, Oklahoma Tulsa is the second-largest city in the state of Oklahoma and 45th-largest in the United States. With an estimated population of 382,872 in 2006,[1] it is the principal municipality of the Tulsa Metropolitan Statistical Area, a region of 897,752 residents projected to , Acton, Massachusetts Acton is a suburban town in Middlesex County, Massachusetts, United States about twenty-one miles west-northwest of Boston along Route 2 west of Concord and about eleven miles (18 km) southwest of Lowell. The population was 20,331 at the 2000 census. , Torrance, California USA; Ensenada, Mexico; Egersund, Norway; Romsey, UK; and Auckland, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . |
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