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Arrow Electronics Agrees to Buy Intechra

Arrow Electronics, Inc. (NYSE: ARW), Melville, NY, has agreed to acquire Intechra, an information technology asset disposition company.

Headquartered in Jackson, MS, Intechra has 300 employees. Total sales for the most recent fiscal year were $75 million. The transaction is expected to be $.03-$.05 per share accretive to earnings in the first full year of operations.

Intechra offers comprehensive, end-to-end IT asset disposition services. The company's services include legislative compliance, data security and destruction, risk management, redeployment, remarketing, lease return, logistics management, and environmentally responsible recycling of all types of information technology.

"Intechra serves as a continuation of our strategy to provide comprehensive services across the entire product lifecycle for our suppliers and customers," said Michael J. Long, president and CEO of Arrow Electronics, Inc.

Arrow Electronics is a global provider of products and services to industrial and commercial users of electronic components and enterprise computing solutions.

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