Arrow Electronics has agreed to acquire all of the assets and operations of the RF, wireless and power division of Richardson Electronics.
This is Arrow’s second acquisition in a week and the motivation for both has been the same; build the broadline distributor’s presence in the Asia-Pacific market.
“With the addition of this acquisition, we will increase our footprint in the Asia-Pacific market where growth has been very robust,” said Michael Long, chairman, president, and CEO of Arrow Electronics.
Last week, Arrow agreed to acquire US-based semiconductor distributor Nu Horizons Electronics.
A key to the deal is the relatively strong presence that Nu Horizons enjoys in the south east Asian markets
With the Richardson RFPD deal Arrow will get products for infrastructure and wireless networks, power management and alternative energy markets.
There is a line card of more than 80 RF and wireless component manufacturers that includes RF power transistors, passive and connector products, low-power components, amplifiers, digital broadcast components.
"Richardson RFPD is one of the few companies in the industry with the ability to design, assemble, manufacture, and test an entire system,” said Long.