Wednesday, June 23, 2010

Arrow Electronics acquires Sphinx Group

Purchase expands Arrow's security and networking business in Europe

Arrow Electronics acquired Sphinx Group Limited, a United Kingdom-based distributor of security and networking solutions, the company announced this week.

Sphinx serves the UK market, has 100 employees, and generated $82.5 million in sales in 2009. The distributor will become part of Arrow's Enterprise Computing Solutions' European business, increasing Arrow's security and networking capabilities and expanding its presence in Europe.

Based in Melville, N.Y., Arrow sells electronic components and enterprise computing solutions to customers around the world. The distributor has 310 locations in 51 countries.

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