Richardson RFPD Announces Franchise Agreement with Murata

Rhea-AI Summary

Richardson RFPD, a subsidiary of Arrow Electronics (NYSE:ARW), has signed a franchise agreement with Murata Electronics Europe B.V., expanding its distribution capabilities in Europe, the Middle East, and Africa. This agreement designates Richardson RFPD as an authorized distributor for all Murata products in these regions. With this partnership, Richardson RFPD aims to enhance its product offerings significantly, particularly in sectors like RF, wireless, and IoT applications. The collaboration is expected to improve demand creation strategies, aligning well with market needs. As a leading distributor in RF, wireless, and power technologies, Richardson RFPD will leverage Murata's advanced electronic solutions to better serve its customers.

Positive

• New franchise agreement with Murata Electronics expands product distribution in Europe, Middle East, and Africa.
• Enhanced product offerings in key markets such as RF and IoT applications.
• Alignment with Murata's portfolio strengthens demand creation strategies for Richardson RFPD.

Negative

• None.

Agreement includes Europe, the Middle East and Africa

GENEVA, Ill.--(BUSINESS WIRE)-- Richardson RFPD, Inc., an Arrow Electronics company, today announced that it has entered into a franchise agreement with Murata Electronics Europe B.V.

The agreement with Murata, a world-leading manufacturer of electronics components and solutions, names Richardson RFPD as an authorized distributor in Europe, the Middle East and Africa and includes all Murata products available in those regions.

“This opportunity with Murata Europe enables us to offer exponentially more products and services to our customers," said Rafael R. Salmi, Ph.D., Richardson RFPD’s president. “Murata’s broad portfolio aligns extremely well with the key markets we serve.”

“We are excited to team with Richardson RFPD,” said Christophe Pottier, vice president, Murata Europe. “Their demand creation model focuses on RF, wireless, millimeter wave, power conversion, and internet of things applications, making them a good fit for Murata products that support those markets.”

About Richardson RFPD

Richardson RFPD, an Arrow Electronics company, is a global leader in the RF, wireless, IoT and power technologies markets. It brings relationships with many of the industry’s top radio frequency and power component suppliers. Whether it’s designing components or engineering complete solutions, Richardson RFPD’s worldwide design centers and technical sales team provide comprehensive support for customers’ go-to-market strategy, from prototype to production. More information is available online at www.richardsonrfpd.com. Follow Richardson RFPD on Twitter at www.twitter.com/Richardson_RFPD. To browse and subscribe to Richardson RFPD’s email newsletters, click here.

About Murata

Murata Manufacturing Co., Ltd. is a worldwide leader in the design, manufacture and sale of ceramic-based passive electronic components and solutions, communication modules and power supply modules. Murata is committed to the development of advanced electronic materials and leading edge, multi-functional, high-density modules. The company has employees and manufacturing facilities throughout the world. For more information, visit Murata's website at www.murata.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230424005176/en/

John Donarski

Director, Global Marketing

jdonarski@richardsonrfpd.com

P 630 262 6800

Source: Richardson RFPD, Inc.

FAQ

What is the recent announcement by Arrow Electronics related to ARW?

Arrow Electronics' subsidiary, Richardson RFPD, announced a franchise agreement with Murata Electronics for distribution in Europe, the Middle East, and Africa.

How does the agreement with Murata benefit Arrow Electronics (ARW)?

The agreement enhances Richardson RFPD's product offerings in RF, wireless, and IoT markets, potentially driving revenue growth.

Which regions are impacted by the Richardson RFPD and Murata agreement?

The agreement impacts distribution in Europe, the Middle East, and Africa.

What markets does Richardson RFPD aim to serve with this new agreement?

Richardson RFPD aims to serve the RF, wireless, millimeter wave, power conversion, and IoT markets.

What products will Richardson RFPD distribute under the Murata agreement?

Richardson RFPD will distribute all Murata products available in the specified regions.