Arrow Electronics Acquires Sphinx Group Limited

Expands security and networking business in the U.K.

MELVILLE, N.Y., Jun 21, 2010 --Arrow Electronics, Inc. (NYSE:ARW) today announced that it has acquired Sphinx Group Limited, a United Kingdom-based value-added distributor of security and networking solutions.

A leading specialist distributor serving the U.K. market, Sphinx is based in Nottingham and has 100 employees. It represents more than 20 security and networking suppliers and over 1,000 resellers across the U.K. The company will report through Arrow's Enterprise Computing Solutions' European business.

"This acquisition builds on our strategy to increase security and networking capabilities and expands our presence in Europe," said Andy Bryant, president of Arrow ECS. "Sphinx further strengthens our relationships with leading suppliers through increased market share, the addition of new lines, and a high-performance, technically strong sales team."

Sphinx's total sales in 2009 were approximately $82.5 million. The acquisition is expected to be accretive to earnings in the first full year of operations.

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, N.Y., Arrow serves as a supply channel partner for over 900 suppliers and 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 310 locations in 51 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.

SOURCE: Arrow Electronics, Inc. Arrow Electronics

Michael Taunton, 631-847-5680, Vice President & Treasurer

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Paul J. Reilly, 631-847-1872, Executive Vice President, Finance and Operations & Chief Financial Officer

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Media: John Hourigan, 303-824-4586, Director, External Communications