Arrow Electronics Acquires Tekelec Europe.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--April 26, 2000 Arrow Electronics Arrow Electronics NYSE: ARW is a Fortune 500 company headquartered in Melville, New York. This company specializes in products and services of electronic components and computer products. , Inc. (NYSE NYSE See: New York Stock Exchange :ARW ARW Air Refueling Wing ARW Advanced Research Workshop ARW Associated Resume Writers ARW Army Ranger Wing (Irish Special Forces) ARW American Revolutionary War ARW Angle Random Walk ARW Aeroelastic Research Wing ) today announced that it has completed its previously announced acquisition of Tekelec Tekelec, Inc. (NASDAQ:TKLC), (founded 1979 in California, now headquartered in Morrisville, North Carolina, USA) is an industry leader building smart carrier networks through an innovative combination of signaling, switching, and applications. Europe, one of Europe's leading distributors of high-tech components and systems. Headquartered near Paris, Tekelec distributes products manufactured by over 200 component and system vendors to a customer base in excess of 15,000 companies across Europe. With a full-time staff slightly over 500, the company's 1999 revenues amounted to more than $325 million. Arrow Electronics is the world's largest distributor of electronic components and computer products, with 1999 sales of $9.3 billion. Headquartered in Melville, New York Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there. , Arrow serves as a supply channel partner for more than 600 suppliers and 175,000 original equipment manufacturers and commercial customers through more than 225 sales facilities and 19 distribution centers in 37 countries. Detailed information about Arrow's operations can be found at www.arrow.com. |
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