Melville, N.Y.-based Nu Horizons flexed its muscles in the European market last year with two key acquisitions. In May 2007, the distributor--which specializes in advanced-technology semiconductor, display, illumination and system solutions--added a new subsidiary, Nu Horizons Electronics GmbH, to its portfolio. The Munich, Germany, operation, headed by industry veteran Thomas Reisinger, was backed by 10 supplier franchises: Xilinx, Anadigm, Elec & Eltek, Micrel, Nordic Semiconductor, Pericom, Pletronics, RF Monolithics, SMSC and Winbond.
A month and a half later, Nu Horizons announced it had paid $2.7 million for Dacom-Süd Electronic Vertriebs GmbH, a franchised electronic component distributor also based in Munich. Dacom-Süd was set up as a wholly owned subsidiary.
Nu Horizons said Germany was an important part of its European expansion plan because the country represents the largest market within Europe. In general, the European market in total is approximately the same size as the North America market for distribution sales of semiconductors, the company added. Nu Horizons initially entered the European market in August 2006 with the acquisition of United Kingdom-based DT Electronics.
Nu Horizons, headed up by chairman and CEO Arthur Nadata, reported sales of $737 million for fiscal 2007.
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