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© Electronics Production | June 26, 2012

Arrow Electronics cleared to buy Altimate

The EU has granted regulatory clearance for Arrow Electronics to buy Altimate.
Arrow will purchase the French-based computing product distributor for 48.1 million euros.

"The Commission's investigation found that the merged entity would continue to face substantial competition from several well-established, strong and effective competitors in the markets concerned," the Commission said in a statement.

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