Jan 2024 Connector Industry News
Upcoming industry events, as well as recent award, partnership, promotion, personnel, facility, distribution, standards, association, and certification news from across the connector industry.
Jan 2024 Connector Industry News
Jan 2024 Connector Industry News > Award News
DigiKey ranked #121 on the Forbes 2023 list of America’s Largest Private Companies. This is the second consecutive year the company has been included on the list. DigiKey experienced record-breaking sales growth, up 80% from 2021 through 2022, and ended 2022 with $5.1 billion in annual sales. The company continues to make investments in more robust and predictive web search functionality, higher inventory levels, and increased automation in its warehouse, which all benefit customers by providing an easy and efficient research, shopping, and delivery experience. This year’s private companies list includes 258 companies, up from 246 last year. Inclusion on the list is based on having $2 billion or more in revenue from the most recent fiscal year. For 85% of list members, that means revenues for calendar 2022. Others have fiscal years that ended as recently as October 2023. DigiKey is one of only nine companies in the Capital Goods category, ranking #4 within the category. The full list can be viewed on the Forbes website. DigiKey has also received the 2023 Governor’s International Trade Award for Large Companies from Minnesota Governor Tim Walz and the Minnesota Trade Office. It is the second time that the company has received this honor.
Central Penn Business Journal and Lehigh Valley Business have named Phoenix Contact USA one of the Best Places to Work in PA. Phoenix Contact ranked #14 among large businesses. The awards are held in partnership with Best Companies Group. Best Places to Work in PA identifies, recognizes, and honors the best places of employment in Pennsylvania in three categories: small employer (15-99 employees), medium employer (100-249), and large employer (250 or more). To be considered, companies must be a publicly or privately held business, be a for-profit or not-for-profit business or government entity, have a facility in the state of Pennsylvania, have at least 15 full- or part-time employees working in Pennsylvania, and be in business a minimum of one year. Best Companies Group managed the overall registration and survey process, analyzed the data, and used its expertise to determine the final rankings. The rankings are determined first by evaluating each nominated company’s workplace policies, practices, and demographics, worth approximately 25% of the total evaluation, and second by responses to an employee survey that measures the employee experience, which constitutes 75% of the total score.
Jan 2024 Connector Industry News > Partnership, Personnel, & Acquisitions News
Nicomatic Group announced the acquisition of a syndicated loan of 45 million euros. This financing is provided by a consortium of five French banks: Société Générale, BNP Paribas, Banque Palatine, Caisse d’Epargne, and Crédit Coopératif, demonstrating strong confidence from these financial institutions. This significant fundraising will enable the group to accelerate its expansion across three axes: growth, by establishing new international subsidiaries and making new acquisitions; investment, in equipment and research, thus stimulating innovation; and dynamism and responsiveness, by continuing to meet the demands of clients and partners efficiently. With an exceptional record for 2023, marked by record-breaking results, substantial growth in hiring, opening of new subsidiaries, acquisition of new companies, and development of new products, Nicomatic Group strengthens its position as an international leader in interconnections for electronic systems.
Jan 2024 Connector Industry News > Facility News
WireMasters announced the grand opening of a new sales and distribution center in Swindon, England, adding to its nearly dozen locations globally. In 2017, WireMasters acquired Dannewitz GmbH & Co (DKG) to serve as its European headquarters and has since operated additional sales offices across England, Turkey, and beyond. WireMasters will move its UK operations from its former sales office in Old Town Swindon to an 11,000 square foot facility in Dorcan Industrial Estate Swindon. In addition to office space for its growing sales and product management teams, the expansion brings extensive value-added capabilities and strategic stocking of wire and cable products, mil-spec connectors and accessories, a variety of harness management products, and various vg-spec material inventory dedicated to supporting local vendor-managed inventory (vmi) partnerships.
Jan 2024 Connector Industry News > Distribution News
PEI-Genesis has expanded its distribution agreement with Cinch Connectivity Solutions and is now authorized for six of their RF connector brands, including Midwest Microwave, AIM Cambridge, Trompeter RF Connectivity, Johnson, Vitelec Electronics, and Semflex Microwave Solutions. Since 2011, PEI-Genesis has been an authorized distributor for other Cinch product lines, such as Micro-D connectors. These additional brands offer many different types of RF products, including BNC, TNC, SMA, SMPM, and more. This commitment to the RF market also includes the announcement of a new distribution agreement with Times Microwave, an Amphenol Company. Times Microwave designs and manufactures high-performance coaxial cables, connectors, assemblies, and custom solutions for ultra-demanding markets, including aerospace, public networks, medical, military, industrial, and more. The addition of these partnerships will supplement the company’s existing RF connector portfolio, which consists of two other industry-leading brands, Amphenol RF and Amphenol SV Microwave.
Waldom Electronics Inc. proudly announced the addition of Amphenol LTW to its manufacturer line card. This strategic partnership positions Waldom as Amphenol LTW’s Global Master Distributor. Amphenol LTW will be participating in Waldom’s Excess Inventory Solution, providing their distributors with immediate access to a broad range of products available at reduced minimum order quantities (MOQs). Amphenol LTW manufactures and customizes a wide range of waterproof connectors, cable assemblies, and interconnect systems for harsh and rugged environments. With over 300 worldwide patents, Amphenol LTW provides innovative products and solutions for applications including LED lighting, marine, heavy equipment and industrial automation, renewable energy, and broadband wireless access.
Jan 2024 Connector Industry News > Association, Standards, & Certifications News
ECIA announced the leadership team for the 2024 Executive Conference, scheduled to take place October 20-22, 2024, at the Loews Chicago O’Hare Hotel. Ken Bellero, president of Schaffner EMC Inc., has been selected as ECIA executive conference chair and Maryellen Stack of Sager Electronics is co-chair. The 2024 Executive Conference planning committees are still being finalized. Sponsorship opportunities will open to the public soon. Visit the conference webpage for more information or contact Stephanie Tierney, director of marketing and member engagement for ECIA, at [email protected].