HONG KONG, March 30 /Xinhua-PRNewswire-FirstCall/ -- Arrow Asia Pac today announced an agreement to acquire the component distribution business of Adilam Pty. Ltd ("Adilam") with effect from June 1, 2007. Privately owned, Adilam is a leading electronic component distributor in Australia and New Zealand (ANZ).
This acquisition will create significant opportunities for Arrow, strengthening its leadership position and increase its competitive advantages in the ANZ market.
"I am delighted to add Adilam to Arrow Asia Pac. There are significant synergies between the two companies. This is one of our strategies to further strengthen our leadership position in the ANZ market. This acquisition will enable us to further accelerate our growth in ANZ market", said Peter Kong, President of Arrow Asia Pacific.
"This acquisition will be mutually beneficial to Arrow and Adilam. Arrow gains an expanded customer base and additional strategic product lines, which are critical for Arrow to further expand market share in ANZ. ‘ Adilam’s customers and suppliers will gain instant access to Arrow’s specialized expertise, technical resources, supply chain solutions and extensive logistics capabilities," said Gert Labuschagne, Vice President of Arrow - South Asia.
Under the combined entity, there will be no change to the local structure of Arrow and reporting relationships of Arrow’s existing employees. Adilam employees will be transferred to Arrow Australia and assigned new positions. With this increase in resources, Arrow will be better positioned to expand its product portfolio and offer improved services, products and support to customers and suppliers of the combined company.
About Arrow Asia Pac
A subsidiary of Arrow Electronics, Inc., Arrow Asia Pac is one of Asia Pacific’s leading electronic component distributors. In addition to its regional headquarters in Hong Kong, Arrow Asia Pac operates 41 sales offices, two primary distribution centers and four local warehouses in eleven countries/territories across Asia.
Providing a full range of semiconductors, passive, electromechanical and connector products from over 60 leading international suppliers, Arrow Asia Pac serves more than 10,000 original equipment and contract manufacturers and commercial customers in Asia Pacific. Visit us at http://www.arrowasia.com .
Media Contact:
Ray Leung
Marketing Communications Director
Arrow Asia Pac Ltd.
Tel: +852-2484-2683
Email: ray.leung@arrowasia.com
