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EU clears Arrow's buy of server distributor Logix

Mon May 19, 2008 10:35am EDT

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BRUSSELS, May 19 (Reuters) - U.S. electronic components supplier Arrow Electronics (ARW.N) won permission from the European Commission on Monday to buy Logix, a value-added distributor of software and hardware products.

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Logix is owned by Groupe OPEN (OPEN.PA) of France and has about 500 employees in 11 European countries with activities notably in France, the Benelux region, Poland, Spain, the Nordics, Israel and Morocco.

"The Commission's investigation has shown that the concentration would not significantly impede effective competition in the European Economic Area or any substantial part of it," the EU executive said in a statement. (Reporting by David Lawsky; Editing by Dale Hudson)

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