Dive summary:
- In the next two months a deal is expected to close between Arrow Electronics and e-recycling company Redemtech, solidifying Arrows acquisition of Redemtech for an undisclosed amount.
- According to a press release by the two companies, the purchase of Redemtech will expand Arrow’s capabilities in electronics asset disposition (EAD) services such as data erasure, refurbishing and responsible electronics recycling.
- Redemtech is expecting about $60 million in sales this year and has 400 employees in central Ohio and Reno Nev.
From the article:
Arrow Electronics Inc. will buy bought electronic waste and recycling company Redemtech for an undisclosed amount.
The Englewood, Colo.-based Arrow, which provides electronic products and services, will expand the company’s capabilities in electronics asset disposition (EAD) services with the purchase of Redemtech, the companies said in news releases. ...
