SCHURTER and RUTRONIK sign agreement
Lucerne - Ispringen/Pforzheim, September 2007 - SCHURTER, a leading manufacturer of products in the areas of appliance protection, IEC connectors, EMC and input systems, and RUTRONIK Elektronische Bauelemente GmbH, third largest European distributor of electronic components, have announced the signing of a new franchise agreement. As a result, RUTRONIK will distribute the entire SCHURTER product range with immediate effect.
In concluding the distribution agreement, SCHURTER is strengthening its sales network in the Central and Eastern European area with a strategically important partner, and at the same time underlining its significant market position in the area of electro-mechanical components.
"This agreement sees the fulfillment of a long established goal for us. It clarifies our efforts to promote distribution as an important sales channel for us. We are delighted to have found in RUTRONIK a partner that will open up many new opportunities for us in this significant market," said Hans-Rudolf Schurter, Chairman of the Board of Directors of SCHURTER Holding AG. "As manufacturers of high-quality products, with production plants in Europe and Asia, we are convinced that our products will in this way consolidate and extend our market position."
Joerg Ciper, Marketing Director Electromechanical Components at RUTRONIK, also sees great opportunities for both companies in this cooperative venture: "SCHURTER is a well-known manufacturer of electromechanical components, which supplements our existing range perfectly. With the franchise agreement that has now been signed, RUTRONIK will, as the leading broadline distributor in Europe, sell all the articles from SCHURTER, and also offer the manufacturer access to industrial customers. The synergies resulting from our cooperation will permit both parties to the agreement to react even more flexibly than before to market needs and developments," reported Joerg Ciper in conclusion.
About RUTRONIK www.RUTRONIK.com
RUTRONIK Elektronische Bauelemente GmbH is one of Europe's leading broadline distributors for semiconductors, passive and electromechanical components in addition to wireless products, displays as well as embedded boards. To round off the product portfolio RUTRONIK also offers storage technologies from its subsidiary company Discomp. The markets that the company primarily targets include the automotive, telecommunications, consumer goods and industrial electronics industries. Wide-ranging services, competent transfers of expertise in the areas of product development and design, as well as logistics and supply chain management solutions round off its customer and future-orientated range of goods and services. The company, established by Helmut Rudel in Ispringen/Germany in 1973, employs about 1,100 staff throughout Europe and achieved sales of EUR 550 million in fiscal year 2006.