JUNE-JULY 2018 JAN-FEB 2018 | Page 12

Merger & ACquisition eInfochips Acquired by Arrow Electronics eInfochips, a global product engineering services firm, signed an agreement with Arrow Electronics, a Fortune 118 company and global leader in technology design, manufacturing support, and supply chain services, to fully transfer and merge its business with Arrow Electronics Inc. • Accelerate growth for eInfochips to expand current services and act as a catalyst for R&D and IP initiatives in the area of digital transformation • Allow Arrow to greatly enhance the value proposition to their vast 125,000 customer base Post the merger, eInfochips will act as a fully owned subsidiary of Arrow Electronics Inc. This acquisition by Arrow will leverage synergies between eInfochip’s engineering capabilities and digital transformation offerings with Arrow’s tremendous breadth of electronics and enterprise products and solutions, and digital operations, including in IoT. This acquisition, once closed, will expand Arrow’s ‘’sensor-to- sunset’’ capabilities, by combining eInfochips’ Snapbricks IoT framework, as well as by adding eInfochips’ 1,500 IoT solution architects, ASIC and embedded engineers, and software development resources to Arrow’s already leading position in IoT design services. Also, adding eInfochips’ end-to-end product design capabilities, digital transformation offerings in cloud services, IoT, intelligent automation, devops, and video management to Arrow’s eDesign platform, will greatly augment the scale of digital services offerings to Arrow’s 125,000 customers. Once closed, significant benefits of this transaction include: • Comprehensive and connected IoT solutions and technologies for global companies looking for end-end product design and development, including sourcing components, engineering services, manufacturing support, product sustenance and digital transformation – that will accelerate time to market, provide cost benefits and enhance customer experience • Synergies in digital initiatives, including IoT and cloud services that will provide clients with cutting edge, sensor- to-cloud IoT platforms for their product and solution needs 12 Global MDA Journal may 2018 About eInfochips eInfochips is a product engineering and software R&D services company with over 20 years of experience, 500+ product developments, and over 40M+ deployments in 140 countries across the world, in multiple domains, including Aerospace & Defense, Automotive, Consumer Electronics, Home and Industrial Automation, Medical Devices, Retail, Security & Surveillance, Semiconductors, Transportation & Logistics, etc. Today, 60% of its revenues come from Fortune 500 companies and 80% from solutions around connected devices. From silicon to embedded systems to software, from design & development to deployment & sustenance, eInfochips maps the product journey of its customers. With its R&D centers in the USA and India, eInfochips continuously invests and fuel innovations in the areas of Product Engineering, Device Lifecycle Management, IoT & Cloud Frameworks, Intelligent Automation, and Video Management. The company has sales presence in the USA, Japan, and India. About Arrow Electronics Inc. Arrow Electronics is a global provider of products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions. www.einfochips.com