Arrow Electronics completes acquisition of immixGroup
- By Mark Hoover
- Mar 31, 2015
Arrow Electronics has completed its acquisition of value-added distributor immixGroup in a move that increases Arrow’s presence in the federal market.
The deal was announced at the beginning of this month. No financial terms were disclosed.
Arrow, a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions, takes a big step into the public sector IT market with this acquisition.
According to USAspending.gov, the company had $20.8 million in federal sales in fiscal 2014, compared to immixGroup’s $418.3 million.
For immixGroup, this transaction represents an opportunity to continue expanding its value proposition by aligning with a company ranked at No. 138 on the Fortune 500.
Mark Hoover is a senior staff writer with Washington Technology. You can contact him at email@example.com, or connect with him on Twitter at @mhooverWT.