Arrow to Purchase Logix

Arrow Electronics,
Inc. 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 immediatel, 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,
Inc.

Logix