The 2020 Mid-Year Economic Update_long

Arrow Electronics Agrees To Buy Asian Distributors

Arrow Electronics Inc., Melville, NY, has agreed to acquire Excel Tech, Inc. and Eteq Components Pte Ltd. Excel Tech is the sole Broadcom distributor in Korea with strong demand-creation capabilities while Eteq has Broadcom-based franchise agreements in the ASEAN region and China with ties to the ASEAN EMS industry.
 
These acquisitions will enhance our existing demand-creation capabilities in the high-growth vertical segments as well as allow us to gain strategic customer relationships, which is critical for Arrow to further increase market share in the Asia Pacific region,"said Peter T. Kong, president of Arrow Asia Pacific.
 
Arrow Electronics is a global provider of products and services to industrial and commercial users of electronic components and enterprise ...

Arrow Electronics Inc., Melville, NY, has agreed to acquire Excel Tech, Inc. and Eteq Components Pte Ltd. Excel Tech is the sole Broadcom distributor in Korea with strong demand-creation capabilities while Eteq has Broadcom-based franchise agreements in the ASEAN region and China with ties to the ASEAN EMS industry.
 
These acquisitions will enhance our existing demand-creation capabilities in the high-growth vertical segments as well as allow us to gain strategic customer relationships, which is critical for Arrow to further increase market share in the Asia Pacific region,”said Peter T. Kong, president of Arrow Asia Pacific.
 
Arrow Electronics is a global provider of products and services to industrial and commercial users of electronic components and enterprise computing solutions.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.