Arrow Electronics, Inc. (NYSE:ARW) announced today the successful
completion of its
acquisition of eInfochips, one of the world’s largest design and
managed services companies.
eInfochips is headquartered in San Jose, Calif., with locations in India
and Europe, and has 1,500 IoT solution architects, engineers, and
software development resources globally. eInfochips’ breadth of
capabilities spans chip design, to product and IoT solution delivery,
and across many industries, from retail and consumer, to industrial
automation, healthcare, and aerospace.
Arrow Electronics (www.arrow.com)
is a global provider of products, services and solutions to industrial
and commercial users of electronic components and enterprise computing
solutions. Arrow serves as a supply channel partner for more than
125,000 original equipment manufacturers, contract manufacturers and
commercial customers through a global network of more than 465 locations
in 90 countries.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a “safe
harbor” for forward-looking statements. This press release includes
forward-looking statements that are subject to numerous assumptions,
risks and uncertainties that could cause actual results or facts to
differ materially from such statements for a variety of reasons,
including, but not limited to: our ability to expand our capabilities
and offerings; our ability to deliver more and enhanced solutions; our
ability to retain eInfochips’ employees; our ability to maintain and
grow eInfochips’ sales and profits; and the other risks described from
time to time in the company’s reports to the Securities and Exchange
Commission (including the company’s Annual Report on Form 10-K and
Quarterly Reports on Form 10-Q). Forward-looking statements are those
statements which are not statements of historical fact. Forward-looking
statements can be identified by forward-looking words such as “expects,”
“anticipates,” “intends,” “plans,” “may,” “will,” “believes,” “seeks,”
“estimates,” and similar expressions. Shareholders and other readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. The
company undertakes no obligation to update publicly or revise any of the
forward-looking statements.
Arrow Electronics, Inc.
Steven O’Brien
Vice President, Investor Relations
303-824-4544
or
Media Contact:
John Hourigan
Vice President, Global Communications
303-824-4586