The 2020 Mid-Year Economic Update_long

Arrow Electronics Acquires Asset Recovery Corp.

Asset Recovery offers EAD services including data removal, data security, refurbishment, and remarketing of electronic assets.

Arrow Electronics, Inc. (NYSE: ARW), Englewood, CO, acquired Asset Recovery Corp., St. Paul, MN. Asset Recovery sales in 2012 are expected to total $20 million.

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Asset Recovery offers a comprehensive array of EAD services including data removal, data security, refurbishment, and remarketing of electronic assets, while ensuring compliance with local and national data security and environmental regulations. The company’s customers are concentrated in the retail, manufacturing, healthcare, finance, and transportation industries.

\”This acquisition strengthens our industry-leading services portfolio and strategically expands our customer base in North America,\” said Paul J. Reilly, executive vice president, finance and operations, and CFO of Arrow Electronics.

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