Nu Horizons Electronics Enters German Distribution Market
Nu Horizons Electronics GmbH marks a Critical Step in Nu Horizons’ European Expansion
Melville, NY — May 1, 2007 — Nu Horizons Electronics Corp. (NASDAQ:NUHC), a leading global distributor of advanced technology semiconductor, display, illumination and system solutions, today announced the expansion of the company’s European operations with the addition of a new subsidiary headquartered in Munich, Germany. The new division, Nu Horizons Electronics GmbH, is being led by industry-veteran Thomas Reisinger, who serves as Managing Director.
Dave Bowers, president of Nu Horizons Electronics Distribution Division states, “We are very pleased to expand our European operations with the addition of Nu Horizons Electronics GmbH. Germany is a vitally important market with many thousands of customers that we believe will value our technical design-in support, service and logistics offerings. We look forward to expanding in Germany, and eventually throughout Western and Eastern Europe, to further support our growing customer base and reinforce our global growth strategy.”
Managing Director Thomas Reisinger adds, “Consolidation has created a significant opportunity in the German market. This gap created the necessity for a distributor that can deliver demand creation services and true in-depth technical support. Nu Horizons Electronics not only fulfills those requirements, but backs service with global inventory and strong supplier franchise agreements. Our well-qualified team is excited to expand our local market presence.”
This initial German launch is backed by ten supplier franchises, most of which Nu Horizons retains in other geographic regions. These franchises include: Xilinx, Anadigm, Elec & Eltek, Micrel, Nordic Semiconductor, Pericom, Pletronics, RF Monolithics, SMSC and Winbond. In addition, Nu Horizons Electronics presently retains 10 sales, engineering and marketing staff, with plans for additional hires in the near future.
About Nu Horizons Electronics Corp.
Nu Horizons Electronics Corp. is a leading global distributor of advanced technology semiconductor, display, illumination and system solutions to a wide variety of commercial original equipment manufacturers (OEMs) and Electronic Manufacturing Services providers (EMS). With sales facilities in 51 locations across North America, Europe and Asia and regional logistics centers throughout the globe, Nu Horizons partners with a limited number of best-in-class suppliers to provide in-depth product development, custom logistics and life-cycle support to its customers. Information on Nu Horizons and its services is available at http://www.nuhorizons.com. |
