Arrow Electronics Announces The Expansion Of Its Automotive Centre Of Excellence With New Development Centres In Munich And Istanbul To Better Assist Customers In The Development Of Next-gen Automotive Products
Portfolio Pulse from Benzinga Newsdesk
Arrow Electronics is expanding its Automotive Centre of Excellence with new development centers in Munich and Istanbul to support next-gen automotive product development. This expansion is bolstered by the acquisition of iQmine, enhancing capabilities in connected, autonomous, and hybrid software technologies.
October 30, 2024 | 8:58 pm
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Arrow Electronics is expanding its Automotive Centre of Excellence with new centers in Munich and Istanbul, supported by the acquisition of iQmine. This move enhances its capabilities in automotive technology solutions.
The expansion of the Automotive Centre of Excellence and the acquisition of iQmine are strategic moves that enhance Arrow Electronics' capabilities in the automotive sector. This is likely to positively impact ARW's stock as it positions the company to better serve the growing demand for next-gen automotive technologies.
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