Tuesday January 2, 2018 0 comments
CENTENNIAL-- Arrow Electronics, Inc. (NYSE:ARW) today announced it signed a definitive agreement to acquire California-based eInfochips, one of the world’s largest design and managed services companies.
eInfochips works with global Fortune 1000 companies at every phase of technology deployment, including developing custom hardware and software and new IoT-based business models.
Arrow said eInfochips will expand the company’s IoT “sensor-to-sunset” platform by adding engineering, solution architecture, embedded software development, security, mobile device connectivity, app development, cloud configuration and management, and managed services including Big Data analytics.
“Upon close of this acquisition, eInfochips advances our IoT strategy, expands our offerings, and moves us into the rapidly growing IoT services market,” said Michael J. Long, Arrow’s president, chair and CEO.
“As a result, we will deliver complex and connected IoT solutions and technologies across multiple cloud platforms. This acquisition adds over 1,500 IoT solution architects, engineers, and software development resources to Arrow’s already leading position in IoT design services.”
“Arrow has redefined design engineering with our industry-leading eDesign digital platform. Customers now collaborate on Arrow.com with hundreds of online-enabled engineers,” said Matt Anderson, Arrow’s chief digital officer.
“Our engineers help customers with online reference designs, cloud-based design tools, and our eDesign platform. Connecting eInfochips’ IoT capabilities and engineers to our eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.”
eInfochips is headquartered in San Jose, Calif., with locations in India and Europe with 1,500 employees globally. eInfochips’ breadth of capabilities spans chip design, to product and IoT solution delivery, and across many industries, from retail and consumer, to industrial automation, healthcare, and aerospace.
The transaction is expected to close this month. Financial details were not disclosed.
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.
Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations in 90 countries.