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Arrow Electronics Agrees to Buy Indian Business
January 11, 2008
Arrow Electronics, Melville, NY, has agreed to acquire the electronic components distribution business of Hynetic Electronics and Shreyanics Electronics in India.
This acquisition will be beneficial to Arrow, with an expanded customer base focusing on the rapidly growing small- and medium-sized market and additional strategic product lines, critical for Arrow to further expand market share in India," said Peter Kong, president of Arrow Asia Pacific.
Arrow is a global supplier of products and services to industrial and commercial users of electronic components and computer products. It has 260 locations in 55 countries and territories.