Arrow acquisition expands its presence in Asia-Pacific market

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Arrow Electronics has signed a definitive agreement to acquire all of the assets and operations of the rf, wireless and power division of Richardson Electronics.

The deal comes hot on the heels of Arrow's acquisition of Nu Horizons and reveals the company's focus on the Asia-Pacific market. Richardson RFPD is a global component distributor and provider of engineered solutions serving the rf and wireless communications market. It has a presence in sectors such as wireless infrastructure, digital broadcast, microwave radio, military, aerospace and satellite communications. The transaction is expected to close in early 2011 The company has 400 employees and will become a separate operating unit of Arrow Electronics. Its headquarters will remain in Illinois. "This acquisition brings Arrow a global presence in the wireless and power conversion markets with specialised expertise in rf engineering and a highly talented team of sales professionals," said Michael Long (pictured), chairman, president, and chief executive officer of Arrow Electronics. "With the addition of this acquisition, we will increase our footprint in the Asia-Pacific market where growth has been very robust. Richardson RFPD is one of the few companies in the industry with the ability to design, assemble, manufacture, and test an entire system. This acquisition is aligned with our strategy to diversify into markets that offer superior growth characteristics and increase our portfolio of value added services."