Arrow Electronics Agrees to Acquire Tekelec Europe

February 20, 2000 by Jeff Shepard

Arrow Electronics Inc. (Melville, NY) recently announced that it has agreed to acquire Tekelec Europe (Paris), one of Europe's leading distributors of high-tech components and systems. Tekelec's subsidiaries serve most EEC countries and generated revenues in 1999 of approximately $325.0 million.

According to Arrow, Tekelec has relationships with semiconductor suppliers such as Altera, AMD, Intel, Linear Technology, Siemens/Infeneon Technologies and STMicroelectronics. The company has also been a key engineering and supply partner to leading OEMs such as Alcatel, Siemens and Philips.