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Arrow ECS acquires Sphinx Group

Microscope contributor

Another UK national has lost its independence after it emerged today that Arrow Electronics has swallowed up Sphinx Group.

Only months ago, Arrow told MicroScope it was eyeing up targets in the networking and security space and it has finalised a deal with the Nottingham-based distributor which has around 100 staff and represents more than 20 vendors.

"This acquisition builds on our strategy to increase security and networking capabilities and expands our presence in Europe," said Andy Bryant, Arrow ECS president in a statement.

"Sphinx further strengthens our relationships with leading suppliers through increased market share, the addition of new lines, and a high-performance, technically strong sales team," he added.

Arrow has been one of the most acquisitive distributors in the last decade, with conquests in the UK alone including Access Distribution, InTechnology and Centia.

In the last set of results for the year to 30 September 2009, Sphinx Group turned over £55m, up 17% year-on-year and profits of £122, 196.

The march of consolidation continues said Alan Norton, head of intelligence at Graydon UK, "this will not be the last acquisition of the year in a market where get big, get niche or get out is more relevant than ever."

Sphinx was unable to comment at the time of writing.


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