LISLE, Ill.--(BUSINESS WIRE)--Molex Incorporated today announced the honored recipient of its 2013 Global Europe Distributor of the Year Award. The world’s leading distributor of passive, connector, electromechanical and discrete components, TTI Europe, Inc. received the award in recognition of its outstanding sales achievements, operational excellence, and commitment to advancing Molex electronics innovations globally.
“As a trusted distribution partner, TTI Europe displays exemplary dedication to European growth in market share,” states Fred Bell, vice president, Molex. “The strength of our collaboration is reflected not only in profits but the teamwork they bring to developing new markets and business.”
Molex global distributors were evaluated based on criteria in three categories, including:
- Year over year sales growth
- Inventory, new product support, order coverage
- Accessibility to management team, training program support
TTI Europe received the award based on the company’s outstanding 29 percent revenue growth and support for new product launches, which have served to strengthen the Molex sales pipeline in Europe. TTI increased their Molex inventory part number count by 37 percent and increased new business via design activity by over 30 percent.
Headquartered near Munich, Germany, TTI Europe provides service to all market segments of the electronics industry through its 40+ sales branches located throughout Europe. Their extensive product line and supply chain solutions have made the company the distributor for choice for industrial, defense, aerospace and consumer electronics manufacturers worldwide.
“We applaud TTI for their exceptional 2013 achievements in sales and performance. The partnership benefits our valued Molex customers throughout the world,” adds Bell.
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About Molex Incorporated
Providing more than connectors, Molex delivers complete interconnect solutions for a number of markets including: data communications, telecommunications, consumer electronics, industrial, automotive, commercial vehicle, aerospace and defense, medical, and lighting. Established in 1938, the company operates 45 manufacturing locations in 17 countries. The Molex website is www.molex.com. Follow us at www.twitter.com/molexconnectors, watch our videos at www.youtube.com/molexconnectors, connect with us at www.facebook.com/molexconnectors and read our blog at www.connector.com.
About TTI, Inc.
TTI, Inc., a Berkshire Hathaway company, is the world’s leading specialist distributor of passive, connector, electromechanical and discrete components. TTI’s philosophy is "Lead by Design", and the company differentiates itself by focusing on people, parts and process. TTI in Europe strives to be the distributor of choice for customers and suppliers alike by introducing new product technologies and by stocking broad and deep inventory across its franchise base. TTI’s sophisticated inventory management system ensures the ability to service changes in demand due to fluctuating markets and supply chains. For more information about TTI, please visit www.ttieurope.com.
Molex is a registered trademark of Molex Incorporated
