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Arrow Acquires Another EAD Company

Arrow Electronics has agreed to purchase Redemtech, a wholly owned subsidiary of Micro Electronics that specializes in electronics asset disposition (EAD) services.

Redemtech, headquartered in Columbus, Ohio, has 400 employees and expects to generate 2012 sales of about $60 million, according to Arrow.

This marks Arrow's second acquisition of an asset disposition company this year. The Englewood, Colo.-based distributor also bought TechTurn early in 2012.