NECX.com to acquire American IC Exchange
By Staff -- Purchasing, 8/24/2000 2:00:00 AM
NECX.com, a subsidiary of VerticalNet, will acquire independent distributor American IC Exchange based in Aliso Viejo, Calif.
necx.com is one of the world's largest centralized independent distributors for semiconductors, electronic components, computer products and networking equipment. It plans to integrate aice and expand its global electronics exchange, a trading community for purchasing and materials management professionals in the electronics industry.
aice is a leading exchange of commodity semiconductors and computer products. In 1996, aice was among the first in the industry to offer an Internet-based pricing service, the ramdex index for OEM buyers.
"The acquisition of aice will be complementary in terms of products offered, customers, vendors and distribution infrastructures," says Larry Marshall, president of necx.com. These synergies are expected to result in increased product liquidity that will benefit the participants of the global electronics exchange," says Marshall.
The acquisition is subject to typical closing conditions including the receipt of third-party consents. Under the terms of the agreement, aice's employees will integrate into necx. aice will continue to operate from Aliso Viejo, Calif., under the necx name. Terms were not disclosed.
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