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Arrow Electronics acquires Converge and Verical 06-04-10


Arrow Electronics announced agreements to acquire Converge, a provider of reverse logistics services, and Verical, a ecommerce marketplace geared toward meeting the end-of-life components and parts shortage needs of customers. Converge, with 350 employees, is headquartered in Peabody, Mass., with offices in Singapore and Amsterdam, including support centers throughout Europe, Asia and the Americas. Verical is based in San Francisco.

 

The Converge deal is subject to regulatory approvals and is anticipated to close in May 2010, while the Verical acquisition has been completed.

 
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