Arrow Electronics Acquires RDC
February 02 2015 - 11:58AM
Business Wire
-- Expands Arrow’s Value Recovery Geographic
Footprint in the EMEA Region --
Arrow Electronics, Inc. (NYSE:ARW) announced today that it has
acquired RDC, a wholly owned subsidiary of Computacenter UK
Ltd.
RDC is a leading technology returns and asset management company
in Europe. RDC manages the entire IT asset disposition and
remarketing process including logistical management of collections,
technical processing and secure data eradication or destruction,
and remarketing of the assets.
“This acquisition further broadens Arrow’s value recovery
business in Europe,” said Michael J. Long, chairman, president and
CEO of Arrow. “RDC will allow us to better address the growing
requirements of our global customers.”
RDC is based in Essex, United Kingdom, with estimated sales in
2014 of £56 million (in accordance with Generally Accepted
Accounting Principles in the United States). The purchase price is
£56M (approximately $84 million based on current exchange rates).
As part of the transaction Arrow Electronics has entered into a
five-year operating agreement with Computacenter for IT disposal
services, which remain a part of Computacenter’s customer
proposition.
Arrow Electronics (www.arrow.com) 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 100,000 original
equipment manufacturers, contract manufacturers and commercial
customers through a global network of more than 460 locations in 58
countries.
Safe Harbor
The Private Securities Litigation Reform Act of 1995 provides a
“safe harbor” for forward-looking statements. This press release
includes forward-looking statements that are subject to numerous
assumptions and a number of risks and uncertainties that could
cause actual results or facts to differ materially from such
statements for a variety of reasons including, but not limited to:
industry conditions, the company’s implementation of its new
enterprise resource planning system, changes in product supply,
pricing and customer demand, competition, other vagaries in the
global components and global ECS markets, changes in relationships
with key suppliers, increased profit margin pressure, the effects
of additional actions taken to become more efficient or lower
costs, risks related to the integration of acquired businesses,
change in legal and regulatory matters, the company’s ability to
generate additional cash flow and the other risks described from
time to time in the company’s reports to the Securities and
Exchange Commission (including the company’s Annual Report on Form
10-K and Quarterly Reports on Form 10-Q). Forward-looking
statements are those statements, which are not statements of
historical fact. These forward-looking statements can be identified
by forward-looking words such as “expects,” “anticipates,”
“intends,” “plans,” “may,” “will,” “believes,” “seeks,”
“estimates,” and similar expressions. Shareholders and other
readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date on
which they are made. The company undertakes no obligation to update
publicly or revise any of the forward-looking statements.
Arrow Electronics, Inc.Steven O’Brien, 303-824-4544Director,
Investor RelationsorPaul J. ReillyExecutive Vice President, Finance
and Operations, & Chief Financial Officer631-847-1872orJohn
Hourigan, 303-824-4586Vice President, Global Communications
Arrow Electronics (NYSE:ARW)
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