The 2020 Mid-Year Economic Update_long

Arrow Electronics to Acquire ATM Electronic

Acquisition will bolster company's product offerings in Asia.

Arrow Electronics Inc. (NYSE: ARW), Centennial, CO, agreed to acquire ATM Electronic Corp., an electronic component distributor based in Taiwan with substantial operations in China and 2014 sales of $500 million. The acquisition is expected to close during the second quarter.

This acquisition will bolster Arrow Electronic's embedded processor, power management and passive, electromechanical and connector (PEMCO) product offerings in Asia.

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