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Franchise agreement between Avnet and Maxim 10-12-07

Avnet Electronics Marketing EMEA, a subsidiary of Avnet, has signed a pan-European franchise agreement with Maxim Integrated Products. , one of the World’s leading manufacturers of analog components. The agreement is an extension of an existing relationship. Maxim has granted Avnet a twin franchise agreement for Avnet Memec and for Silica to cover the entire breadth of the distribution market and Avnet’s service offerings. As part of the global agreement, Maxim anticipates some reorganisation and consolidation of its existing distribution network in North America as well as in Europe. However, Avnet Electronics Marketing, more specifically its two distributors Avnet Memec and Silica, are allowed to start trading as of now. Avnet Memec, who already entertains a relationship with Maxim, will start immediately, and Silica will commence trading Maxim products by beginning of February 2008.

 
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