Nu Horizons Electronics, a distributor of semiconductor, display, illumination, power and system solutions, announced the acquisition of C-88 AS, a franchised distributor of electronic components based in Hoersholm, Denmark. Nu Horizons paid $3.5 million in cash. The purchase agreement also provides for potential additional payments to the seller from a minimum $500,000 up to a maximum $3.5 million. C-88 AS had approximately $18 million in sales for the twelve month period ended April 30, 2008. Since their establishment in 1976, C-88 AS has been servicing the Nordic electronics market, representing manufacturers of semiconductors and embedded solutions. The company has sales coverage in Denmark and Sweden, with plans to expand into Norway and Finland in the near term.

For the fiscal year ended February 2008, net sales of Nu Horizons increased to $747.2 million. Net income for fiscal 2008 was $2.5 million.