Arrow Electronics, Inc. acquires LOGIX
On 8 April 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Arrow Electronics, Inc. (‘Arrow’, United States of America) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of Logix SA (‘Logix’, France) by way of purchase of shares.
Preliminary examination of European Commission services finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However. Interested third parties can submit their possible observations on the proposed operation not later that 26 April 2008 (ten days after publication). to the Commission:
European Commission - DG Competition
COMP/M.5123
Merger Registry - J-70
B-1049 Brussels (Belgium)
The business activities of the undertakings concerned are:
- Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, with 2007 sales of $16 billion. 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.
- Logix: wholesale distribution of IT products in France, Poland, the Benelux region, the Nordic region, Israel and Morocco.
What do the Directorate-General for Competition do?
The mission of the Directorate General for Competition is to enforce the competition rules of the Community Treaties, in order to ensure that competition in the EU market is not distorted and that markets operate as efficiently as possible, thereby contributing to the welfare of consumers and to the competitiveness of the European economy.
The work of DG COMP is essential to the achievement of the EU’s strategic objectives as expressed in the “Community Lisbon Program” , because it makes a significant contribution to the efficient functioning of the internal market and promotes the conditions necessary to stimulate knowledge and innovation, to make Europe a more attractive place to invest and work, and to create more and better jobs.