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Arrow Electronics Inc. (NYSE: ARW), Englewood, CO, has agreed to acquire the wireless and infrastructure business unit of Chinese distributor Waching Company Ltd.
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Waching is a wireless and infrastructure market distributor with sales and engineering resources in Shenzhen, Shanghai and Beijing. Sales in 2012 are expected to be $33 million.
“With this acquisition, we continue to execute on our strategic priority to pursue opportunities in the more rapidly growing areas of the market,” said Peter T. Kong, president Arrow global components.
Arrow Electronics, a supply channel partner for more than 120,000 original equipment manufacturers, is No. 2 on MDM's list of top electronics distributors.