PEI-Genesis Celebrates 70th Anniversary

PEI-Genesis has production and sales facilities all over the world, but it all started when two friends went door-to-door during the Great Depression to repair radios. Its innovative distribution model – delivering custom-engineered solutions – now supports military, aerospace, industrial, medical, transportation, and energy customers worldwide, but Philadelphia-area’s PEI-Genesis had humble beginnings. During the Great Depression, ……Read More »

Arrow Names Chris Stansbury SVP and CFO

Arrow Electronics announced that Chris Stansbury has been named senior vice president and chief financial officer, effective immediately. He will succeed Paul J. Reilly, who is retiring from Arrow effective Jan. 31, 2017. In his new role, Stansbury will report to Michael J. Long, chairman, president, and chief executive officer. He has served for more ……Read More »

Sager Electronics Acquires Norvell Electronics

Sager Electronics has entered into a purchase agreement to acquire Norvell Electronics Inc., a North American distributor with extensive design and manufacturing capabilities and headquartered in Carrollton, Tex. Norvell will become an integral component of Sager Power Systems, a specialized group within Sager Electronics. Norvell’s value-added capabilities are central to Sager Power Systems’ growth strategy.

Northwire, in collaboration with LEMO

Northwire, in collaboration with LEMO, announced the opening of the companies’ European super warehouse, the European Distribution Center (EDC). Designed to rapidly respond to customer demands from its strategic location at LEMO Connectors Benelux in the Netherlands, the facility will offer specialized inventory programs, fast delivery, and custom cable services and support. Both manufacturers and ……Read More »

PEI-Genesis Opens New 54,000 Square-Foot Facility in China

Chinese-based manufacturers will now be able to obtain an order of precision connectors, no matter what the quantity, faster than ever before from PEI-Genesis’s 54,000-square-foot assembly facility in Zhuhai. PEI-Genesis opened the new facility as part of the company’s strategic plan to expand into new geographies. China is the fastest-growing market for PEI’s products and ……Read More »

Arrow Acquires ATM Electronic Corp

Arrow Electronics announced the successful completion of the acquisition of ATM Electronic Corp., a leading electronic component distributor headquartered in Taipei, Taiwan, with substantial operations in China. ATM Electronic Corp. will bolster Arrow’s embedded processor, power management, and passive, electromechanical, and connector (PEMCO) product offerings in Asia; expand its presence in Asia; and strengthen its ……Read More »