Arrow Electronics Receives Clearance from the European Union to Acquire LOGIX S.A

Business Wire,  May 19, 2008  

• E-mail
• Print
• Link

MELVILLE, N.Y. -- Arrow Electronics, Inc. (NYSE:ARW) announced it has received competition clearance from the European Competition Commission for its proposed acquisition of LOGIX S.A., a subsidiary of Group OPEN and a leading value-added distributor of midrange servers, storage, and software in Europe. Based upon this clearance, the company expects the transaction will close by the end of May.

Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, New York, Arrow serves as a supply channel partner for approximately 700 suppliers and 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 300 locations in 50 countries and territories.

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning