LONDON Dick Skipworth, who founded the Memec disitribution group over 30 years ago and who helped create the technology-driven distribution sector, is investing in the Spectrum Group of independent sales, marketing & operations (I.S.M.O.) companies.
Skipworth has made a significant strategic investment in Spectrum (Bicester, England), according to Nigel Watts, Specdtrum's MD, “empowering the Group to accelerate its ambitious road map for geographic and value-added service expansion. Dick will also provide invaluable, multi-level support and advice to the Group as it faces the double challenge of geographic expansion and organic growth.”
“When I founded Memec in 1974 I realised that success was dependent as much on innovation as it was on hard work but in today's mature electronics market it's much harder to be really different.” said Skipworth.
Steve Poole, previously Vice-president of Europe for Intel and former Memec C.F.O. Colin Stevens have joined Spectrum as non-executive directors. “Steve and Colin have provided invaluable professional advice to Spectrum in the recent past and their investment in Spectrum is a further endorsement of their commitment to the Company”, said Watts. Poole will head the new Spectrum board in the capacity of non-executive chairman
Spectrum was founded in 1994 by Nigel Watts and Gamil Haddad, both had previously held executive positions within the Memec Group. The company has established 10 operations, collectively addressing 25 European countries.
Spectrum's I.S.M.O. model is designed to enable U.S. and Asian-based technological companies reach full potential in European markets. “We have developed a wide range of services and expertise thatcomplement our partners' existing infrastructures but there is still a lot more we can offer in every major technological market”, said Watts. The company is planning to expand the its territory coverage and service offering in the near future.