Arrow Electronics to Acquire Computerlinks for $300 Million

Arrow Electronics Inc. has signed a definitive agreement pursuant to which Arrow will acquire Computerlinks AG, a VAD with a comprehensive offering of IT solutions from leading technology suppliers.

"This acquisition supports our strategy to serve the data center of the future and strengthens our position in this rapidly growing segment. We are excited to welcome the Computerlinks team to Arrow," said Michael J. Long, chairman, president and CEO, Arrow.

Headquartered in Munich, Germany, Computerlinks has operations in Europe, North America, the Middle East and Asia. Sales in 2013 are estimated to total approximately €700 million ($950 million in accordance with GAAP in the United States), and this acquisition is expected to be $.20 to $.24 accretive to earnings per share, excluding the impact of the amortization of related intangible assets, in the first year post closing.

The purchase price is approximately €230 million ($300 million).

The acquisition is subject to regulatory approvals and is expected to close in 4Q13.