New products at element14
Development specialist element14 has launched tinyTILE (an Intel Curie module based board specifically designed for use in wearable and IoT designs for consumer and industrial edge products) and BeagleBone Blue (the latest offering based on the popular opensource BeagleBone from the BeagleBoard.org Foundation, built specifically for use in the development of robotics and autonomous vehicles). Both products are available through element14 offices in Austria, Belgium, Denmark, Finland, France, Germany, India, Ireland, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom.
Exclusive Group transforms leadership team
American broadliner Tech Data has completed its acquisition of the Technology Solutions business from its competitor Avnet. The combination creates a premier global end-to-end IT distributor with unmatched capabilities and the most diverse solutions from the data center to the living room. "This is a momentous day in our company's history and we are excited to welcome our talented colleagues at Technology Solutions to the Tech Data family", said Bob Dutkowsky, chief executive officer of Tech Data. "Our combined company is perfectly positioned at the epicenter of the IT ecosystem—with the scale and scope to serve dynamic markets throughout the world—giving our customers access to an end-to-end portfolio of IT solutions and efficiently bringing our vendors' products to new customers in more markets. Our organizations' common cultures, shared values and commitment to providing a world-class customer experience will serve as the foundation for the new Tech Data. Together, we will be an even stronger company, capable of doing more for our channel partners than ever before. We remain confident that the acquisition of Technology Solutions creates a winning combination for our customers, vendors, and shareholders, as well as the employees of both organizations."
The addition of Technology Solutions significantly broadens Tech Data's value-added distribution business (aka Azlan), increasing the company's ability to help its partners capitalize on next-generation technologies while enhancing its go-to-market capabilities with complementary skills, expanded vendor relationships, and new customer sets. The combined company has a larger and more balanced geographic footprint, including a presence in the Asia-Pacific region, a new market for Tech Data. The company has operations in 40 countries, with 14,000 employees serving approximately 115,000 customers in more than 100 countries. The company also announced its global executive leadership, as well as several new regional and global roles. Reporting to CEO Bob Dutkowsky are:
In Europe, Tech Data has also announced its European Executive Board, which will be led by Zammit:
The total purchase price at close was approximately €2.35 billion (subject to certain post-close adjustments), including €2.17 billion in cash, and 2,785,402 shares of Tech Data stock, representing approximately 7.3% of Tech Data's shares outstanding (after issuance of the new shares). Tech Data financed the cash portion of the purchase price through a combination of €900 million from its recent public debt offering and €900 million of bank term loans, and the remainder from drawings under other credit facilities and cash on hand. The transaction is expected to be significantly accretive to Tech Data's non-GAAP earnings per share in the first full year. The company expects to achieve annual cost savings of approximately €90 million within 24 months, with one-time costs to achieve these cost savings expected to be approximately €135 million.
Analog Devices has selected semiconductor specialist Arrow Electronics as its strategic distribution channel partner operating globally. Analog Devices will retain its current regional distributor network but will employ Arrow as its sole global distribution channel partner. The move is aimed at enabling a deeper level of support and greater breadth of services for Analog Devices' customers, who under this new and simplified structure will have the ability to leverage a strong, focused channel team, and draw on a comprehensive suite of end-to-end support services ranging from design and prototyping to logistics support.
"Analog Devices continues to invest on behalf of our customers, including expanding our direct sales team and, today, strengthening our channel operations by deepening our engagement with Arrow", said Martin Cotter, senior vice president, Worldwide Sales and Digital Marketing, Analog Devices. "Arrow's impressive ecosystem of technical sales and marketing, full product lifecycle solutions and logistics services enables Analog Devices to transform its channel strategy from a transactional focus to a strategic one. We are excited about the possibilities of this closer relationship for all of our customers."
Arrow has been one of Analog Devices' key channel partners for decades, providing specialized services and expertise ranging from global supply chain and logistics support to full product lifecycle design and production for Analog Devices' extensive portfolio of high-performance analog products, including data converter, signal conditioning, RF and microwave, power, DSP, and sensor ICs.
"Arrow has enjoyed a long and successful relationship with Analog Devices, and we're excited to see the innovative new technologies our enhanced collaboration will bring to market", said Andy King, president of Arrow's global components business. "Working together, our two companies can leverage the breadth and depth of Analog Devices' product portfolio and Arrow's end-to-end, full-product-lifecycle capabilities to help solve our customers' biggest analog and mixed-signal challenges, including those in the burgeoning Internet of Things market.". In the EMEA region, Analog Devices products are available through Arrow offices in Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Israel, Italy, the Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, Ukraine and the United Kingdom.
Physical security specialist ADI Global Distribution and Hanwha Techwin have formed a strategic alliance that will see the two companies work together closely to support installers and system integrators throughout Europe. Under the terms of the agreement negotiated by Alan Paterson, managing director of ADI's Europe, Middle East and Africa businesses' and Bob (H.Y.) Hwang Ph.D., managing director of Hanwha Techwin Europe, ADI is now able to offer customers the full range of Hanwha Techwin's Wisenet video surveillance solutions through its offices in Belgium, Czechia, Denmark, Finland, France, India, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Slovakia, South Africa, Spain, Sweden and the United Kingdom. Commenting on the signing of the agreement, Paterson said: "we have enjoyed the benefits of being a distributor for Hanwha Techwin for a number of years and this new agreement strengthens the excellent working relationship already in place. It will ensure our customers across Europe have access to the comprehensive range of feature-rich and competitively priced Hanwha Techwin products, including the open platform Wisenet P and Q cameras introduced during 2016, and the supercharged chipset Wisenet X models, which we will help launch in Spring 2017."
"this alliance will play a major part in ensuring Hanwha Techwin continues to be one of the fastest growing video surveillance brands in Europe", said Bob (H.Y.) Hwang Ph.D. "ADI Global Distribution has earned the respect and loyalty of many thousands of installers and system integrators by providing highly efficient logistical support, as well as a wide range of pre- and post-sales services. The combination of Hanwha Techwin's leading product range, together with ADI Global Distribution’s excellent stock availability and full support package, makes for the perfect alliance."