Arrow Defies Currency Headwind

Arrow Electronics Inc. faced a good news/bad news conundrum in the latest quarter. European sales soared but with the euro slumping against the dollar, the distributor found itself reporting negative growth for the region. Strip out currency fluctuations, though, and Arrow executives could easily have boasted that they exceeded sales expectations. The dollar’s climb against…

Arrow Completes ATM Electronic Buy

Arrow Electronics, Inc. (NYSE:ARW) announced today the successful completion of the acquisition of ATM Electronic Corp., a leading electronic component distributor headquartered inTaipei, Taiwan with substantial operations inChina. 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. Arrow serves as…

Lindsley Ruth’s Top Challenges as CEO at Electrocomponents

Electrocomponents PLC must have made Lindsley Ruth an offer he just could not refuse. In addition to the plum job of Group CEO, Electrocomponents must have given Ruth a substantial package to engineer his departure from Future Electronics Inc. But now that the negotiations are over Ruth must soon face the onerous task of fortifying…

Arrow Acquires Taiwan’s ATM Electronic

Arrow Electronics, Inc. (NYSE:ARW) announced today that it has signed a definitive agreement to acquire ATM Electronic Corp., a leading electronic component distributor based in Taiwan with substantial operations in China. ATM Electronic Corp. will bolster Arrow’s embedded processor, power management, and passive, electromechanical, and connector (PEMCO) product offerings inAsia. “This acquisition brings Arrow an…

Arrow Acquires RDC

Arrow Electronics, Inc. (NYSE:ARW) announced today that it has acquired RDC, a wholly owned subsidiary of Computacenter UK Ltd. RDC is a leading technology returns and asset management company in Europe. RDC manages the entire IT asset disposition and remarketing process including logistical management of collections, technical processing and secure data eradication or destruction, and…

Arrow to Acquire Data Modul

Arrow Electronics, Inc. (NYSE:ARW), through its wholly-owned subsidiary inMunich, Germany (“Arrow CEHM”), is initiating an all-cash tender offer to acquire the shares of DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen (“Data Modul AG”) (FSE:DAM) for a purchase price of €27.50 per share ($31.00 per share based on current exchange rates). The purchase price…

Arrow Center Gets Aerospace Nod

Arrow Electronics announced today that its distribution logistics centre (DLC) in Venlo, the Netherlands, has received EN 9120:2010 quality certification. This is a quality management system designed specifically for aerospace distributors.   The EN 9120:2010 certification follows an audit and provision by Arrow representatives of detailed evidence of compliance. This certification is increasingly being required…