Arrow Plans To Acquire LOGIX S.A.

Arrow Electronics is planning to acquire LOGIX S.A., a subsidiary of Groupe OPEN. Headquartered in Courbevoie, France, LOGIX is a distributor of midrange servers, storage, and software in 11 European countries with annual gross revenues of approximately $750 million. It has operations in France, Belgium, Luxembourg, Morocco, Poland, the Netherlands, Israel, Denmark, Finland, Sweden, and Norway. The acquisition will bring Arrow's Enterprise Computing Solutions (ECS) reach to 24 countries. With approximately 500 employees, LOGIX provides a full range of value-added distribution services, including demand creation, integration, technical training, financing, marketing and logistics, to over 6,500 partners. “With this acquisition, we continue the transformation of our ECS business," William Mitchell, chairman, president, and chief executive officer of Arrow, said in a statement. "Two years ago we entered the European marketplace and this transaction represents the next step in our strategic expansion in this important region."