Arrow Electronics Enters into Exclusive Negotiations to Purchase LOGIX S.A.

MELVILLE, N.Y.--(BUSINESS WIRE)--Feb. 19, 2008--Arrow Electronics, Inc. (NYSE:ARW) today announced it has entered into exclusive negotiations to purchase 100 percent of the shares of LOGIX S.A. ("LOGIX"), a subsidiary of Groupe OPEN. The transaction is subject to consultation with the LOGIX works council and any definitive agreement will be subject to EU competition clearance. Arrow anticipates the acquisition will be immediately accretive to earnings post integration.

LOGIX is a leading value-added distributor of midrange servers, storage, and software in 11 European countries with annual gross revenues of approximately 500 million euros. Headquartered in Courbevoie, France, LOGIX has operations in France, Belgium, Luxembourg, Morocco, Poland, the Netherlands, Israel, Denmark, Finland, Sweden, and Norway, bringing Arrow Enterprise Computing Solutions' ("ECS") geographic reach to 24 countries. With approximately 500 employees, LOGIX provides a full range of value-added distribution services, including demand creation, integration, technical training, financing, marketing and logistics, to over 6,500 partners.

"With this acquisition, we continue the transformation of our ECS business. Two years ago we entered the European marketplace and this transaction represents the next step in our strategic expansion in this important region. With its experienced management team and highly talented sales, marketing and design professionals, LOGIX is well positioned to take advantage of the increasing demand for virtualization and state-of-the-art infrastructure solutions. LOGIX's best-in-class portfolio of suppliers and focus on the fast growing mid-market will enable Arrow to strengthen relationships with key suppliers and increase our value proposition in the European marketplace," said William E. Mitchell, chairman, president and chief executive officer.

"I am pleased to join Arrow Electronics in further accelerating its European transformation. The transaction will allow all employees, clients, and suppliers of LOGIX to benefit from greater scale and the efficiency of a leading worldwide player," said Laurent Sadoun, chairman and chief executive officer of LOGIX.

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. Headquartered in Melville, New York, Arrow serves as a supply channel partner for approximately 700 suppliers and 140,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 300 locations in 50 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, including statements addressing future financial results. These statements are subject to a number of 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 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 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, 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. 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.

CONTACT: 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

SOURCE: Arrow Electronics, Inc.