IIPM MANAGEMENT INSTITUTE
New York-based Arrow Electronics Inc. has signed a definitive agreement to acquire all of the assets and operations of the Agilysys KeyLink Systems Group for $485 million. Arrow will also enter into a long-term procurement agreement with the Agilysys Enterprise Solutions Group, Agilysys’ value-added re-seller business. With employee strength of 500, Ohiobased KeyLink is a leading distributor of enterprise servers, storage devices and software in the United States and Canada. Pro forma sales for KeyLink for year ’06 are expected to be in the region of $1.6 billion making Arrow the leading distributor of enterprise products for IBM and HP.
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Source : IIPM Editorial, 2007
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