Arrow Electronics Inc. (NYSE: ARW), Englewood, CO, has agreed to acquire the wireless and infrastructure business unit of Chinese distributor Waching Company Ltd.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
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.
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up to receive MDM Update, your free daily distribution news update by email.