Arrow Electronics (ARW) - Get Report, the Melville, N.Y.-based electronic component and computer products distributors, said Thursday that it signed a definitive agreement to acquire Alternative Technology. Terms of the deal weren't announced.
Alternative Technology is a specialty distributor of access infrastructure and security products headquartered in Englewood, Colo., and has about 150 employees. It supports resellers in delivering products that optimize, accelerate, monitor and secure an end user's network.
Total sales for 2006 are expected to be in excess of $300 million.
The transaction is expected to be completed within the next 60 days and is expected to be accretive in 2007, the company said.
Shares of the company were up 43 cents, or 1.56%, at $28 Thursday.
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