Arrow Electronics, Inc. signed a definitive agreement to acquire eInfochips Limited from GVFL Ltd and others for approximately $330 million.
January 01, 2018
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Arrow Electronics, Inc. (NYSE:ARW) signed a definitive agreement to acquire eInfochips Limited from GVFL Ltd and others for approximately $330 million on January 2, 2018. The consideration includes $0.01 million of cash acquired. Upon completion, eInfochips will become fully owned subsidiary of Arrow Electronics. The transaction is subjected to closing conditions and statutory approvals. The transaction is expected to close this month. Avendus is the advisor in the transaction. Milbank, Tweed, Hadley & McCloy LLP acted as legal advisor to Arrow Electronics, Inc. on the transaction. Darshika Kothari, Sugandha Asthana, Rutunjay Singh, Khushboo Sikhwani, Pankhuri Govil and Kopal Sharraf of AZB & Partners acted as legal advisors to Arrow Electronics, Inc. (NYSE:ARW).
Arrow Electronics, Inc. is a provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Its segments include the global components business and the global enterprise computing solutions (ECS) business. The global components business segment distributes electronic components to original equipment manufacturers and contract manufacturers. The ECS business segment provides enterprise computing solutions to value-added resellers and managed service providers. The Global ECS portfolio of computing solutions includes cloud and security. Global ECS provides cloud solutions to businesses through ArrowSphere, a cloud marketplace and management platform. It maintains over 180 sales facilities and 39 distribution and value-added centers, serving over 85 countries. Both its segments have operations in each of the three electronics markets; the Americas; Europe, Middle East, and Africa, and Asia-Pacific regions.
ARROW ELECTRONICS, INC. 
