Arrow Computerlinks purchase a done deal
The acquisition of Computerlinks by Arrow Electronics formally closed on 28 October 2013
Colorado-based distributor Arrow Electronics has announced the formal completion of its €230m (£197m) acquisition of value-added counterpart Computerlinks.
The deal, first announced in August 2013, will see Arrow expanding its footprint across EMEA as it seeks to beef up its datacentre business.
“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.
Computerlinks has itself been active in building up a datacentre-facing proposition, particularly through its Alvea cloud platform, which provides channel partners with security, infrastructure, and resilience and continuity services.
Computerlinks is expected to make around €700m in revenues during 2013, and Arrow anticipates it will be accretive to its future EPS by between 20 and 24 cents.
Separately, Arrow will reveal its third quarter financial results later in the week. At the end of the second quarter it predicted sales of between $4.9bn and $5.3bn, with global components sales between $3.35bn and $3.55bn and global enterprise computing solutions sales between $1.55bn and $1.75bn.
