US based Ar­row Elec­tron­ics to buy eIn­fochips for ` 18 bil­lion

Electronics Bazaar - - Industry News -

Ar­row Elec­tron­ics is ac­quir­ing eIn­fochips, a prod­uct en­gi­neer­ing and soft­ware R&D ser­vices com­pany, for ` 18 bil­lion.

As a part of the pay-out, about 350 em­ploy­ees of the Ahmed­abad based com­pany will get ` 10 mil­lion each for their ESOP hold­ings. Aven­dus was the ad­viser in the trans­ac­tion.

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