Arrow Electronics has agreed to acquire Nu Horizons Electronics in an all cash transaction for $7.00 per share (approx. $ 130 million at all). Nu Horizons is a distributor of semiconductor, display, illumination, and power solutions to a variety of commercial original equipment manufacturers (OEMs) and electronic manufacturing services providers (EMS).

Nu Horizons has sales facilities in more than 50 locations across North America, Asia, and Europe and regional logistics centers throughout the globe, serving a wide variety of end markets including industrial, military, networking, telecommunications, and data communications. Nu Horizons is headquartered in Melville, N.Y., and has over 700 employees. Total sales were $671 million for the fiscal year ended February 28, 2010. The transaction is expected to close during the fourth quarter of 2010.