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Arrow Electronics Completes Acquisition of the Components Distribution Business of Achieva Ltd.

Publication: Business Wire
Publication Date: 07-JUL-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MELVILLE, N.Y. -- Arrow Electronics, Inc. (NYSE:ARW) announced that it has completed its previously announced acquisition of the components distribution business ("Achieva") from parent company Achieva Ltd., a value-added electronic components distributor in Asia Pacific. Arrow anticipates the transaction will be immediately accretive to earnings in the first twelve months by $.01 to $.03 per share and will meet the company's acquisition objectives for return on invested capital.

"With this acquisition, we have gained a highly experienced management team...

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