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Nu Horizons to Acquire DT Electronics

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MELVILLE, N.Y., June 19, 2006 -- Nu Horizons Electronics Corp., a distributor of active semiconductor, display and system solutions, announced it will acquire DT Electronics, a United Kingdom-based electronic components distributor. The transaction, the terms of which were not disclosed, is subject to customary closing conditions and has been approved by Nu Horizons' board of directors. It is expected to close by mid-August. For its most recent fiscal year (ended March 31, 2006), DT Electronics reported unaudited revenues of approximately $25 million. The company was established in 1987 and is located in Coventry,...Read full article

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