Arrow Electronics Acquires the Wireless and Infrastructure Business Unit of Waching Company Ltd -- Increases Exposure to Fast-Growing Wireless and Infrastructure Market in China -- Business Wire HONG KONG -- December 17, 2012 Arrow Electronics, Inc. (NYSE:ARW) announced today that the company has signed a definitive agreement pursuant to which Arrow will acquire all of the assets and operations of the wireless and infrastructure business unit of Waching Company Ltd. (“Waching”). Waching is a distributor in China with strong demand-creation capabilities and a leading position in the fast-growing wireless and infrastructure market. Waching has sales and engineering resources based in Shenzhen, Shanghai, and Beijing. Sales in 2012 are expected to total approximately $33 million. “With this acquisition, we continue to execute on our strategic priority to pursue opportunities in the more rapidly growing areas of the market, and we are excited to welcome the Waching team to the Arrow family,” said Peter T. Kong, president Arrow global components. 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 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 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, including statements addressing future financial results. These statements are subject to a number of 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: industry conditions, the company’s implementation of its new global financial system and the company’s planned implementation of its new enterprise resource planning system, changes in product supply, pricing and customer demand, competition, other vagaries in the global components and global ECS markets, changes in relationships with key suppliers, increased profit margin pressure, the effects of additional actions taken to become more efficient or lower costs, the company’s ability to generate additional cash flow 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. These 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. Contact: Arrow Electronics, Inc. Greer Aviv Senior Manager, Investor Relations 303-824-3765 or Paul J. Reilly Executive Vice President, Finance and Operations, and Chief Financial Officer 631-847-1872 or Media Contact: John Hourigan Director, Corporate Communications 303-824-4586
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Arrow Electronics Acquires the Wireless and Infrastructure Business Unit of Waching Company Ltd
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