Arrow Electronics Signs Definitive Agreement to Acquire the Technical and Electronics Media Portfolio of UBM
June 03 2016 - 1:02PM
Business Wire
Arrow Electronics, Inc. (NYSE:ARW) announced today that it has
signed a definitive agreement to acquire the global internet media
portfolio focused on technology and electronic design from UBM,
including EE Times, EDN, ESM, Embedded, EBN, TechONline, and
Datasheets.com.
Arrow is a global leader in technology design, manufacturing
support, and supply-chain services. Last year, Arrow acquired the
United Technical Publishing arm of Hearst Media. With this
agreement with UBM, Arrow strengthens its position as a foremost
thought leader and trusted advisor in IoT and technology design
trends.
“Arrow has always been the trusted advisor for companies going
from design to production on their most important projects. Our
investments in global internet media, focused on technology design,
are helping both technical and non-technical companies integrate
electronics into their products and applications,” said Matt
Anderson, chief digital officer of Arrow Electronics. “Our internet
media is guiding innovation forward by making technical decision
making easier for designers, R&D groups, and engineers. This is
a step forward in our digital transformation, positioning Arrow as
the preeminent, unbiased technology internet media, design, and
eCommerce option for companies, from those on Indiegogo all the way
to Fortune 500 global leaders.”
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 100,000 original
equipment manufacturers, contract manufacturers and commercial
customers through a global network of more than 460 locations
serving over 85 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 that are subject to numerous
assumptions, 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 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,
risks related to the integration of acquired businesses, changes in
legal and regulatory matters, 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.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160603005735/en/
Arrow ElectronicsSteven O’Brien, 303-824-4544Director,
Investor RelationsorMedia Contact:John Hourigan,
303-824-4586Vice President, Global Communications
Arrow Electronics (NYSE:ARW)
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