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Arrow buys hardware resale company

Of Arrow Electronics' new purchase, chief executive Michael

Of Arrow Electronics' new purchase, chief executive Michael J. Long said, “Intechra serves as a continuation of our strategy to provide comprehensive services across the entire product lifecycle for our suppliers and customers.” Credit: Handout

Melville-based Arrow Electronics Inc. has completed its purchase of the technology hardware resale company Intechra, the company announced this week. A purchase price was not disclosed.

Intechra, based in Jackson, Miss., bills itself as the largest independent IT asset disposition company, providing services such as data security, and destruction and recycling.

Among the services Intechra offers is disposal of old computer systems — first using high-security data wiping techniques to remove all traces of proprietary information from hard drives and other storage media; then either recycling or re-selling the hardware on the client’s behalf.

With sales of about $75 million in the most recent fiscal year, Intechra has about 300 employees.

The deal, which was announced Tuesday and is subject to regulatory approval, is expected to add 3 to 5 cents per share of Arrow stock in the first full year of operations.

At the time of the initial purchase announcement last month, Arrow chief executive Michael J. Long, above left, said, "Intechra serves as a continuation of our strategy to provide comprehensive services across the entire product life cycle for our suppliers and customers."

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