Arrow Electronics acquires Altimate Group

Arrow Electronics, Inc. (NYSE:ARW) announced today that the company has signed a definitive agreement to acquire the ALTIMATE Group (“ALTIMATE”), a subsidiary of DCC plc. ALTIMATE is a European value-added distributor of enterprise and midrange computing products, services, and solutions.

ALTIMATE offers a comprehensive portfolio of hardware, storage, data management, security, and infrastructure solutions and services. The company operates in eight countries across Europe including France, Benelux, Iberia, and the United Kingdom and has a network of approximately 2,500 value-added resellers and system integrators.

“We are excited about the opportunities ALTIMATE brings to Arrow. This acquisition complements our existing portfolio of value-added services and enterprise solution offerings while further strengthening our relationships with critical suppliers throughout the EMEA region,” said Andrew S. Bryant, president, Arrow global enterprise computing solutions.

Headquartered in Vélizy-Villacoublay, France, ALTIMATE has approximately 250 employees. The company’s sales for the fiscal year ended March 31, 2011 were $298 million. The acquisition is subject to regulatory approval and is expected to close in the next 90 days.

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 52 countries.