Redemtech, a Columbus, Ohio-based electronic assets disposition company, has announced that it will be acquired by Arrow Electronics, based in Englewood, Colo. In addition to asset disposition, Redemtech, a subsidiary of Micro Electronics Inc., provides data erasure, refurbishing and electronics recycling services.
"Arrow is investing to create a truly global EAD platform and we are excited to join that effort," says Bob Houghton, Redemtech president and founder.
The acquisition is expected to close in this fall pending customary regulatory approvals.
In addition to Columbus, Redemtech operates facilities in Reno, Nev., and Richmond, Va.
Arrow Electronics provides 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 120,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 390 locations in 53 countries.