Thursday October 31, 2013 0 commentsENGLEWOOD - Arrow Electronics Inc. (NYSE: ARW) announced it has completed the acquisition of Munich, Germany-based Computerlinks, a value-added distributor with a comprehensive offering of IT solutions from many of the world's leading technology suppliers.
Computerlinks has operations in Europe, North America, the Middle East and Asia, with 2013 sales estimated at approximately $966 million, said Arrow, which is buying the company for $317 million.
"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, Arrow's chairman, president and CEO.
Arrow also announced it has launched the first fully-integrated online product life cycle services engine for electronics parts.
Available via arrow.com, users can meet their electronic component needs through an intelligent search of millions of parts from hundreds of suppliers by using the search platform, Arrow said.
"Developed by engineers for engineers, this platform is focused on making it easier for our customers to research and select the best solutions for their designs by providing truly interactive applications," said Jim Ricciardelli, Arrow's VP of e-commerce strategy.