Arrow Asia Pac to Acquire Adilam in Australia

MELBOURNE, 30 Mar 2007 -- The Directors of Adilam Electronics Pty Ltd, Keith and Margaret Anderson, announce that with effect from 1 June 2007 Arrow Electronics Australia Pty Ltd has acquired the component distribution business of Adilam.

All Adilam employees will become part of Arrow. This will ensure the great depth of product knowledge and experience of staff at Adilam continues under the Arrow banner to effectively service current customer's needs and to further expand business opportunities.

The acquisition will be mutually beneficial to, not only Arrow and Adilam, but also the extensive customer base throughout Australia and New Zealand.

Adilam's present customers and suppliers will have access to the increased technical resources and sales staff of Arrow.

Arrow will gain an expanded customer base and strategic product lines that will assist to expand market share in ANZ.

Commenting on the acquisition, Keith Anderson, president of Adilam Electronics said, "Adilam, a privately owned company, and Arrow Australia, a multinational company have many synergies. Our values, culture and ethics will blend extremely well as we continue to effectively service the market in the region".

Mark Anderson, Managing Director Adilam Electronics added, "this is a challenging and exciting time for all staff. We look forward to the integration of the Arrow and Adilam teams over the coming months".

Adilam Acquisition Signing Ceremony
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