Future Electronics

Future Electronics
Private
Industry Electronics
Founded 1968
Founder Robert G. Miller
Headquarters

237 Hymus Boulevard

Pointe Claire, Quebec,Canada H9R 5C7
Number of locations
 169 offices in 44 countries
Area served
 Worldwide
Revenue $5 billion USD (2014)[1]
Number of employees
 5,500[1]
Website http://www.futureelectronics.com

Future Electronics Inc. is a distributor of electronic and electro-mechanical components headquartered in Pointe-Claire, Quebec. Founded in 1968 by Canadian billionaire Robert Miller, the company is one of Quebec's largest privately owned companies[2] and is currently the fourth largest electronics distributor in the world.[3] It operates in 169 locations in 44 countries in the Americas, Europe, Asia and Africa.

In 2014 its revenues were $5 billion.[1] In September 2018, Future Electronics sponsored NXP's free Technology Day in Boston.[4]

Future Electronics Headquarters in Montreal, Canada

1999 police raid

In 1999, the offices of Future Electronics in Montreal were raided by the Royal Canadian Mounted Police following an investigation into allegations that the company had overcharged some customers.[5] Future denied all charges and the founder and CEO of the company Robert Miller called the raid an "unfounded assault on our integrity".[6] A year after the raid, in December 2000, the Quebec Appeal Court ruled that the RCMP had no basis for issuing the search warrant executed at Future’s offices.[7] The Quebec Appeal Court ordered the RCMP to return all the documents which were seized from the company.[8] In April 2002, the Office of the US Attorney in Dallas,Texas announced that the investigation had been closed and that no charges would be filed.[9]

Memphis Area Distribution Center (MADC)

Future’s North American Distribution Center is located in the Memphis Area.[10]

References

  1. 1 2 3 Dolan, Kerry A. (31 March 2014). "Press-Shy Canadian Electronics Billionaire Robert Miller Breaks His Silence". Forbes. Retrieved 15 July 2015.
  2. ↑ "DeSoto lands electronics warehouse - Memphis Business Journal". Bizjournals.com. 2002-10-27. Retrieved 2013-09-04.
  3. ↑ "Top 25 Global Franchised Distributors" (PDF). I.cmpnet.com. Retrieved 2013-09-04.
  4. ↑ "Future Electronics to Sponsor an NXP Free Technology Day in Boston, Massachusetts". news.thomasnet.com. Retrieved 2018-09-25.
  5. ↑ https://www.electronicsweekly.com/news/archived/resources-archived/future-raided-by-mounties-1999-05/
  6. ↑ https://www.forbes.com/global/1999/1227/057_01.html#5dd1bab7a06d
  7. ↑ https://www.electronicsweekly.com/news/archived/resources-archived/court-rules-in-favour-of-future-electronics-over-police-2000-12/
  8. ↑ http://www.cbc.ca/news/canada/future-electronics-wins-case-over-search-warrant-1.227562
  9. ↑ https://www.theglobeandmail.com/report-on-business/us-drops-future-electronics-probe/article4133169/
  10. ↑ http://www.futureelectronics.com/en/company-information/about-future-electronics/Pages/MADC.aspx


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