US-based Arrow is to buy Computerlinks from Equistone plus other shareholders of the Computerlinks Group in a in 230m euro deal.
"This acquisition supports our strategy to serve the data centre of the future and strengthens our position in this rapidly growing segment. We are excited to welcome the Computerlinks team to Arrow," said Michael J. Long, chairman, president and CEO of Arrow.
Headquartered in Munich, Germany, Computerlinks has operations in Europe, North America, the Middle East and Asia. Sales in 2013 are estimated to total approximately €700m 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, Arrow says. The purchase price is approximately €230m.
Computerlinks has a presence in 22 countries and has increased its number of employees from 566 in 2008 to approximately 720 worldwide.
Stephan Link, CEO of Computerlinks, said: "We are grateful for Equistone ?s support in the growth of our business into new services and geographies. I believe that there are significant opportunities ahead in the IT areas of security, networking, storage and virtualisation, and we look forward to working with Arrow to explore these."
The acquisition is subject to regulatory approvals and is expected to close in the fourth quarter of 2013.