IBM Sells NC Global Asset Recovery Operations

Solectron Corp. has signed a definitive agreement to acquire IBM's Global Asset Recovery operations in Raleigh, N.C. The transaction is expected to be completed in February.

Under the terms of the agreement, Solectron will expand its post-manufacturing services offering with the addition of IBM's asset-recovery capabilities, which include de-manufacturing, remanufacturing, refurbishment, recycling and disposal services. At the Raleigh location, IBM services PCs, laptops, monitors, servers, printers, point-of-sale equipment and storage products.

Solectron currently provides asset-recovery services at its locations in Toronto; Lincoln, Calif.; Amsterdam, Netherlands; and Jaguariuna, Brazil.

"We are very pleased to expand our long-time relationship with IBM by adding this world-class asset-recovery center to our expansive set of post-manufacturing services," said Bill Mitchell, executive vice president and president of Solectron Global Services. "This agreement allows Solectron to better serve customers' complete product life-cycle needs as legislative and business requirements that impact the electronics industry continue to evolve."

As part of the agreement, Solectron will use the existing IBM center in Raleigh, and acquire the related building, equipment and fixed assets.