Molex Incorporated has awarded its 2011 Global Distributor of the Year award to Avnet Electronics Marketing. The Molex Global Distributor of the Year award recognises valued partners demonstrating financial, operational and executive management excellence.Â Â Molex is represented by Avnet's European interconnect, passive, electromechanical and power specialist distributor, Avnet Abacus, in the EMEA region.
The Avnet team achieved this recognition by growing POS revenue by more than 30% from the previous year. Avnet achieved the highest score on operations metrics and had the largest percent growth of lines stocked. Avnet further expanded the Molex global reach by promoting and stocking all of the new products introduced in FY11.
â€œWe are proud to recognise Avnet's significant contribution to our global distribution results in 2011,â€ stated Graham Brock, president, sales and marketing division, Molex. â€œThis award represents the commitment demonstrated by the Avnet teams in Asia, Europe and the Americas and the contribution that it made to significant revenue growth for both our companies. We have worked very hard to be a major supplier of interconnection products to Avnet for 29 years. We value our partnership with Avnet and look forward to continued expansion of our global relationship.â€
â€œAvnet and Molex have shared a distribution partnership that has spanned nearly 30 years. Receiving the Distributor of the Year award is truly an honor,â€ said Harley Feldberg, president, Avnet Electronics Marketing worldwide. â€œOur customers hold Avnet to the highest standards, and it is long-standing relationships with proven technology leaders such as Molex that allow us to consistently provide the best-in-class design- and supply-chain services to our customers around the world. We look forward to what the future holds and appreciate this recognition of our efforts.â€