Arrow Electronics Inc. Signs Definitive Agreement To Acquire Computerlinks

(RTTNews) - Arrow Electronics Inc. (ARW) announced that it has signed a definitive agreement pursuant to which Arrow will acquire Computerlinks, a value-added distributor with a comprehensive offering of IT solutions from many of the world's leading technology suppliers.

Commenting on Computerlinks, the company said it has operations in Europe, North America, the Middle East and Asia. Sales in 2013 are estimated to total approximately €700 million or $950 million in accordance with Generally Accepted Accounting Principles 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 about €230 million or $300 million and the acquisition is expected to close in the fourth quarter of 2013, Arrow stated.