Arrow Electronics, Inc. (NYSE: ARW), Melville, NY, has agreed to acquire Converge, a provider of reverse logistics services. Headquartered in Peabody, MA, Converge has 350 employees in offices and service center throughout Europe, Asia and the Americas.
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In addition, Arrow has complete the acquisition of San Francisco, CA-based Verical, Inc., an e-commerce marketplace geared toward meeting the end-of-life components and parts shortage needs of customers.
\”These acquisitions complement Arrow’s global strategy by providing comprehensive services across the entire product lifecycle for suppliers and customers,\” said Michael J. Long, president and CEO of Arrow Electronics. \”Reverse logistics is a rapidly growing area, and this acquisition builds on Arrow’s global capabilities as a supply chain and logistics expert. The addition of Verical also further strengthens our e-commerce capabilities.\”
Arrow Electronics is a global provider of electronic components and enterprise computing solutions to industrial and commercial users.
