MELVILLE, N.Y. — Arrow Electronics Inc. has announced that it has completed its acquisition of Centia Group Ltd. and AKS Group Nordic AB for approximately $32 million, including the assumption of debt.
"We are excited by the opportunities that the acquisition of Centia/AKS, Europe's leading specialty distributors of access infrastructure, security and virtualization software solutions, brings to our enterprise-computing-solutions business," said Kevin Gilroy, president of Arrow Enterprise Computing Solutions. "This transaction further strengthens our strategic focus on the fast-growing software market segment and diversifies our product portfolio in the European region, just as Alternative Technology Inc. enhanced our capabilities in North America."
Centia/AKS has more than 120 employees throughout Denmark, Finland, France, Germany, Great Britain, the Netherlands, Norway and Sweden. The joint linecard includes suppliers such as Citrix, VMware and RSA. Centia/AKS support value-added resellers in delivering solutions that optimize, accelerate, monitor and secure an enduser's IT environment. Total sales for 2007 are expected to exceed $120 million.