Arrow Electronics, Inc. (NYSE: ARW), Englewood, CO, has agreed to acquire Redemtech, Inc., a wholly owned subsidiary of Micro Electronics, Inc. Redemtech is a provider of electronics asset disposition (EAD) services.
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Based in Columbus, OH, Redemtech has locations across the United States serving customers in financial services, consumer and government end markets.
The acquisition of Redemtech further strengthens our industry-leading position in the EAD market and strategically expands our footprint and capabilities in this fast-growing market, said Paul J. Reilly, executive vice president, finance and operations, and CFO of Arrow Electronics.
Sales in 2012 for Redemtech are expected to be about $60 million.