Ad
Ad
Ad
Ad
Ad
Ad
Ad
Electronics Production | June 21, 2010

Arrow buys UK based Sphinx Group

Arrow Electronics has acquired Sphinx Group Limited, a United Kingdom-based distributor of security and networking solutions.
Sphinx is based in Nottingham and has 100 employees. It represents more than 20 security and networking suppliers and over 1,000 resellers across the U.K. The company will report through Arrow's Enterprise Computing Solutions' European business.

"This acquisition builds on our strategy to increase security and networking capabilities and expands our presence in Europe," said Andy Bryant, president of Arrow ECS. "Sphinx further strengthens our relationships with leading suppliers through increased market share, the addition of new lines, and a high-performance, technically strong sales team."

Sphinx's total sales in 2009 were approximately $82.5 million. The acquisition is expected to be accretive to earnings in the first full year of operations.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Ad
Ad
Load more news
October 16 2017 2:56 PM V8.8.6-1