Source: Business Wire
MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE: ARW) announced that it has signed a definitive agreement to acquire Jackson, Mississippi-based Intechra, a leading information technology asset disposition (“ITAD”) company.
Intechra offers comprehensive, proven, end-to-end IT asset disposition services. The company’s services include legislative compliance, data security and destruction, risk management, redeployment, remarketing, lease return, logistics management, and environmentally responsible recycling of all types of information technology. With sales offices and processing centers in strategic locations throughout the United States and a global network of partnerships, Intechra provides fully customized ITAD services to many Fortune 1000 customers throughout the world.
Intechra has approximately 300 employees with total sales of approximately $75 million for the most recent fiscal year. The transaction is expected to be $.03-$.05 per share accretive to earnings in the first full year of operations. The transaction is subject to customary regulatory approval and is expected to close by the end of December.
Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Headquartered in Melville, N.Y., Arrow serves as a supply channel partner for over 900 suppliers and 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 310 locations in 51 countries and territories.