Electronics parts distributor Arrow Electronics Inc. (ARW) acquired Diasa Informática, a value-added distributor of servers, storage, software and networking products in Spain and Portugal.
Diasa also offers technical consultancy and training, presales support, installation services and financial services to its approximately 3,000 resellers.
Headquartered in Madrid, Spain, Diasa employs approximately 140 people and generated sales of approximately $250 million in the most recent fiscal year. The transaction is expected to be accretive to earnings in the first full year of operations.
Arrow expects that the acquisition of Diasa will help expand its geographic footprint and scale of its ECS business in Europe. Arrow will now have a presence in 26 countries in the European region.
Management stated that the acquisition of Diasa will complement Arrow's existing portfolio of hardware and storage offerings.
Earlier, Arrow announced that it would acquire Mississippi based Intechra, which provides comprehensive end-to-end IT asset disposition services.
Intechra's services include legislative compliance, data security and destruction, risk management, redeployment, remarketing, lease return, logistics management, and environmentally responsible recycling of all types of information technology. Intechra provides fully customized information technology asset disposition (ITAD) services to many Fortune 1000 customers throughout the world.
Employing approximately 300 employees, Intechra generated sales of $75 million in the most recent fiscal year. The transaction, expected to close by the end of December, is expected to become accretive to earnings in the first full year of operations by 3–5 cents.
Management at Arrow believes that the addition of Intechra is in sync with the company's strategy to provide comprehensive services across the entire product lifecycle for its suppliers and customers.
Arrow, which competes with Avnet Inc. (AVT), expects that its financial strength will help it acquire businesses that complement its existing businesses, increase its scale in fast-growing geographical regions and expand Arrow's presence in attractive growth markets.
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