Arrow Electronics, Inc. (NYSE:ARW) announced today the successful completion of the acquisition of Redemtech, Inc. (“Redemtech”), a wholly owned subsidiary of Micro Electronics, Inc. Redemtech is a provider of electronics asset disposition (EAD) services.
Headquartered in Columbus, Ohio, Redemtech has approximately 400 employees. Sales in 2012 are expected to total approximately $60 million.
Arrow Electronics ( www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries.
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