Arrow Electronics to Acquire Components Distribution Business of Hynetic Electronics...

Arrow Electronics to Acquire Components Distribution Business of Hynetic Electronics and Shreyanics Electronics in India

MELVILLE, N.Y.--(Business Wire)--Arrow Electronics Inc., (NYSE: ARW) today announced an agreement
to acquire all of the assets related to the franchise components
distribution business of Hynetic Electronics and Shreyanics
Electronics in India, effective January 1, 2008. Privately owned,
Hynetic Electronics and Shreyanics Electronics ("Hynetic") are leading
electronic component distributors in India.

"I am delighted to add the components distribution business of
Hynetic to our expanding franchise in the Asia Pac region, further
strengthening our leadership position in the fast-growing Indian
marketplace. The Hynetic business is similar to Arrow's, with its
demand-creation business model and strong engineering capabilities,
and we anticipate meaningful synergies between our two businesses.
Hynetic's complementary linecard and experienced sales professionals
will allow us to expand our product portfolio and offer improved
services and support to our business partners," said Michael J. Long,
president of Arrow Global Components.

"This acquisition will be beneficial to Arrow, with an expanded
customer base focusing on the rapidly growing small- and medium-sized
market and additional strategic product lines, which are critical for
Arrow to further expand market share in India. At the same time,
Hynetic's customers and suppliers gain instant access to Arrow's
specialized expertise, technical resources, supply chain solutions and
extensive logistics capabilities," said Peter Kong, president of Arrow
Asia Pacific.

Arrow Electronics (www.arrow.com) is a global provider of
products, services and solutions to industrial and commercial users of
electronic components and computer products. Headquartered in
Melville, New York, Arrow serves as a supply channel partner for more
than 600 suppliers and 140,000 original equipment manufacturers,
contract manufacturers and commercial customers through a global
network of 260 locations in 55 countries and territories.

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, which 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 global financial
system and the company's planned implementation of its new enterprise
resource planning system, changes in product supply, pricing and
customer demand, competition, other vagaries in the global components
and enterprise computing solutions markets, changes in relationships
with key suppliers, increased profit margin pressure, the effects of
additional actions taken to become more efficient or lower costs, and
the company's ability to generate additional cash flow.
Forward-looking statements are those statements, which are not
statements of historical fact. These 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.

Arrow Electronics Inc.
Sabrina N. Weaver, 631-847-5359
Director, Investor Relations
or
Paul J. Reilly, 631-847-1872
Senior Vice President & Chief Financial Officer
or
Media:
Jacqueline F. Strayer, 631-847-2101
Vice President, Corporate Communications

Copyright Business Wire 2008