Arrow Electronics, Inc. (NYSE:ARW) announced today that it has acquired RDC, a wholly owned subsidiary of Computacenter UK Ltd.
RDC is a leading technology returns and asset management company in Europe. RDC manages the entire IT asset disposition and remarketing process including logistical management of collections, technical processing and secure data eradication or destruction, and remarketing of the assets.
“This acquisition further broadens Arrow’s value recovery business in Europe,” said Michael J. Long, chairman, president and CEO of Arrow. “RDC will allow us to better address the growing requirements of our global customers.”
RDC is based in Essex, United Kingdom, with estimated sales in 2014 of £56 million (in accordance with Generally Accepted Accounting Principles in the United States). The purchase price is £56M (approximately $84 million based on current exchange rates). As part of the transaction Arrow Electronics has entered into a five-year operating agreement with Computacenter for IT disposal services, which remain a part of Computacenter’s customer proposition.
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 100,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 460 locations in 58 countries.