Intechra acquired by NY electronics co.
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.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Intechra acquired by NY electronics co.”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- BREAKING: Jackson agrees to repay HUD $1.5 million for Farish Street blunders
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- Gov. Bryant intervening in same-sex couple's divorce
- Vicksburg mayor marries during lunch break
- Margaritaville owner files for bankruptcy before landlord hearing
- City leaders vote against offering insurance to one adult, possibly same-sex partner
- Delta Council says condition of Highway 6 'of crisis dimensions'
- School superintendent says he never intended to hire wife's uncle, but recommended him