ENGLEWOOD, Colo. — Arrow Electronics Inc. (NYSE:ARW) announced that the company has completed its acquisition of Computerlinks, a value-added distributor with a comprehensive offering of IT solutions from many of the world’s leading technology suppliers.
“The acquisition of Computerlinks supports our strategy to serve the data center of the future and strengthens our position in this rapidly growing segment,” said Michael J. Long, chairman, president and CEO of Arrow.
Headquartered in Munich, Germany, Computerlinks has operations in Europe, North America, the Middle East and Asia. Sales in 2013 are estimated to total approximately €700 million ($966 million, in accordance with Generally Accepted Accounting Principles in the United States), and this acquisition is expected to be $.20 to $.24 accretive to earnings per share, excluding the impact of the amortization of related intangible assets, in the first year post closing. The purchase price is approximately €230 million ($317 million).