News Wire

Arrow Acquires Intechra

MELVILLE, N.Y. — Arrow Electronics, Inc. (NYSE: ARW) announced that it has signed a definitive agreement pursuant to which Arrow will acquire all of the assets and operations of 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 serves as a continuation of our strategy to provide comprehensive services across the entire product lifecycle for our suppliers and customers,” said Michael J. Long, chairman, president, and chief executive officer of Arrow Electronics, Inc.

Intechra is headquartered in Jackson, MS, and has approximately 300 employees. Total sales were 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.

{complink 453|Arrow Electronics Inc.}

0 comments on “Arrow Acquires Intechra

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.