Arrow Electronics Signs Definitive Agreement to Acquire the Technical and Electronics Media Portfolio of UBM

CENTENNIAL, Colo.--(BUSINESS WIRE)--Jun. 3, 2016-- 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.

Source: Arrow Electronics

Arrow Electronics
Steven O’Brien, 303-824-4544
Director, Investor Relations
or
Media Contact:
John Hourigan, 303-824-4586
Vice President, Global Communications

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