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 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 …
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- Filed In: Electrical, Finance, Free, Mergers & Acquisitions, News, Subscriber Only, Top Distributor Sectors
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