Channels -> Distribution
Released: 28th October 2013
Munich, 28th October, 2013: COMPUTERLINKS AG, the next generation global distributor of IT security and Internet technology solutions, confirmed the completion of the sale of COMPUTERLINKS Group by all shareholders (COMPUTERLINKS Management and funds managed by Equistone Partners Europe Limited) to Arrow Electronics Inc. for €230 million, following approval by European and US anti-trust authorities. The completion follows the announcement of the deal by Equistone in August 2013.
Funds managed by Equistone acquired a majority stake in COMPUTERLINKS, alongside the management team, in 2008. During Equistone’s investment period, the company increased revenue from approximately €540 million to approximately €940 million and currently has over 720 employees operating across 22 countries worldwide.
To manage the process, an Integration Team has been formed comprising a number of senior staff from both COMPUTERLINKS and Arrow. This team will plan and oversee the details of the acquisition to ensure a smooth transition for all COMPUTERLINKS’ staff, vendors and channel partners.
Stephan Link, CEO and founder of COMPUTERLINKS AG said, “This is a momentous time in our development. The strength of the combined group will provide new opportunities for our staff, technology partners and customers and allow us to be even more successful.”
As a result of the sale, the combined group, representing COMPUTERLINKS and Arrow’s enterprise computing solutions segment, will be represented in 33 countries worldwide. It will include an expanded Professional Services offering a combination of current and new services from both companies.
About Arrow Electronics
Arrow Electronics (www.arrow.com) is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 100,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 470 locations in 55 countries.
COMPUTERLINKS is the next generation distributor of IT security, network performance and Internet technology, providing channel partners with reliable, supported solutions from world-leading hardware and software manufacturers and service providers. COMPUTERLINKS concentrates on dynamic technology areas such as cloud computing, enterprise mobility, high performance networking, business continuity and resilience. It provides a comprehensive and complementary product portfolio, backed by an extensive range of knowledge-based professional and managed services, to ensure its channel partners deliver the right solutions to their customers. COMPUTERLINKS is 100 per cent committed to the two-tier channel and delivers profitable growth to its partners and competitive advantage to their customers by providing a full-service package of technical, sales and marketing support, practical training and efficient logistics. The company currently has over 720 employees operating across 22 countries worldwide. For more information, visit www.computerlinks.co.uk
Published by: electronicdawn Ltd.