Английская Википедия:Future Electronics
Шаблон:Short description Шаблон:Infobox company
Future Electronics Inc. is a distributor of electronic and electro-mechanical components headquartered in Pointe-Claire, Quebec.
Future Electronics is one of Quebec's largest privately owned companies[1] and is currently the third largest electronics distributor in the world.[2] It operates in 170 locations in 44 countries in the Americas, Europe, Asia, Africa and Oceania.[3]
The company follows a business model that emphasizes zero debt and the willingness to buy and hold inventories, allowing the company to maintain positive relationship with component suppliers.[4] In 2014, its revenues were $5 billion.[4]
History
Future Electronics was founded in November 1968 when Robert Miller left his job in electronics distribution to form a new company. Alongside his business partner, Eli Manis, Miller set up an office in Montreal and began a distribution operation. In 1972, the pair opened an office in Boston, Massachusetts.[5]
Miller became the sole owner of the company after he bought Manis out for $500,000 in 1976.[6] By 1988, an office in Huntsville, Alabama had opened its doors, and Future Electronics was a major distributor in the United States.
In the decades that followed, Future became a globally recognised distributor of components. It remains privately owned to this day.[7]
In 1999, the company was raided by the U.S. Federal Bureau of Investigation (FBI) and the Royal Canadian Mounted Police in a fraud probe into the company.[8][9] A few years later, in 2002, the FBI and U.S. Attorney's Office announced they would not pursue charges in the matter.[8]
In February 2023, founder Robert Miller stepped down as chairman and CEO of the company amid allegations that he solicited multiple underage girls for sex, while denying the accusations.[10][11]
On September 14, 2023, it was announced that WT Microelectronics of Taiwan had entered into an agreement to acquire Future Electronics for US$3.8 billion. The transaction is expected to close in the first half of 2024.[10][11]
Leadership history
Chief Executive Officers of Future include:
- Robert Gerald Miller (1968–2023)
- Omar Baig-Mirza (2023–Present)
See also
- Competitor CDW
- Competitor TD Synnex
- Competitor Arrow Electronics
- Competitor Avnet
References
External links
- Английская Википедия
- Electronic component distributors
- Electronics companies of Canada
- Companies based in Pointe-Claire
- Business services companies established in 1968
- 1968 establishments in Quebec
- Electronics companies established in 1968
- Announced mergers and acquisitions
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