06:51 AM EDT, 06/11/2024 (MT Newswires) -- Arrow Electronics ( ARW ) and Bourns said on Tuesday that they have launched a collaborative effort to support customers in developing high-power solutions that are a major component in advancing electrification.

No financial terms were disclosed. Under the agreement, Arrow will use Bourns' expertise in customized magnetic development.

"With the two companies' combined strengths, Arrow and Bourns are able to serve a more diverse and global customer base," said Murdoch Fitzgerald, vice president of global engineering and design services at Arrow Electronics ( ARW ).