Arrow Electronics Successfully Completes Integration of Jakob Hatteland Electronics.Business Editors MELVILLE, N.Y.--(BUSINESS WIRE)--Nov. 27, 2000 Enhances Arrow's Preeminent Position With Traditional European Customer Base 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 ) announced that it has successfully completed the integration of its Nordic Components business and Jakob Hatteland Electronics, which had 1999 sales of approximately $140 million. When the acquisition was announced in mid-April, a target integration date of November 27th was set. "As of this morning, the businesses were combined onto one sales order The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. processing and inventory management system," stated Francis M. Scricco, President and Chief Executive Officer of Arrow. "The conversion processed nearly 1 million records, supporting 51,000 customers and 75,000 inventory stocking locations," said Brian P. McNally, Managing Director of Arrow Northern Europe. "The programmers wrote over 190,000 lines of code The statements and instructions that a programmer writes when creating a program. One line of this "source code" may generate one machine instruction or several depending on the programming language. A line of code in assembly language is typically turned into one machine instruction. to provide nearly 100 "best practice" enhancements for the newly-combined businesses, and over 180 employees moved into 16 sites while the networks were successfully upgraded. Additionally, 25 trainers provided over 7,000 hours of intensive training to all new users," added Mr. McNally. "I would like to thank everyone who was involved in the systems conversion," added Mr. Scricco. "This seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. which they facilitated will make Arrow a much stronger partner to both our customers and suppliers in the Nordic region." 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, contract manufacturers, and commercial customers through more than 225 sales facilities and 19 distribution centers in 38 countries. Detailed information about Arrow's operations can be found at www.arrow.com. |
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