Arrow Electronics (ticker: ARW, exchange: New York Stock Exchange (.N))
News Release -
Arrow Electronics Acquires Tekelec Europe
MELVILLE, N.Y.--(BUSINESS WIRE)--April 26, 2000--Arrow Electronics, Inc. (NYSE:ARW) today announced that it has completed its previously announced acquisition of Tekelec Europe, one of Europe's leading distributors of high-tech components and systems.
Headquartered near Paris, Tekelec distributes products manufactured by over 200 component and system vendors to a customer base in excess of 15,000 companies across Europe. With a full-time staff slightly over 500, the company's 1999 revenues amounted to more than $325 million.
Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1999 sales of $9.3 billion. Headquartered in Melville, New York, Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers and commercial customers through more than 225 sales facilities and 19 distribution centers in 37 countries. Detailed information about Arrow's operations can be found at www.arrow.com.