Tuesday March 3, 2015 0 comments
CENTENNIAL - Arrow Electronics Inc. (NYSE: ARW) announced it signed a definitive agreement to acquire ImmixGroup Inc., a value-added distributor supporting more than 800 value-added resellers, solution providers and other public sector channel partners with specialized resources to accelerate their government sales.
"ImmixGroup shares our strategic focus on solution-selling into the higher value segments of the data center and will bring us an expanded presence in the public sector market," said Micheal J. Long, Arrow's chairman, president and CEO.
Headquartered in McLean, Va., ImmixGroup offers a comprehensive suite of IT solutions from more than 250 of the world's leading technology suppliers in addition to a platform of services that helps IT companies do business with the government in the channel.
Arrow said the acquisition is expected to be $.10 to $.14 accretive to earnings-per-share, excluding the impact of the amortization of related intangible assets.
No other financial details were disclosed on the acquisition, which is expected to close in the second quarter of 2015.