Project Castle set in stone as Arrow's Computerlinks buy clears

Computerlinks gobbled up in €230m deal which closed today

Arrow is one step further along its path to "serve the datacentre of the future" after its €230m (£317m) buyout of Computerlinks cleared today.

At the end of the summer, the US-based distributor announced its intentions to acquire its German rival, a pursuit it codenamed "Project Castle", and today the pair said the deal was done and dusted.

The acquisition is set to be between $0.20 (£0.12) to $0.24 accretive to Arrow's earnings per share in its first fiscal year after today's deal closure, and the distie's chairman Michael Long said it will have a longer-term positive impact too.

"The acquisition of Computerlinks supports our strategy to serve the datacentre of the future and strengthens our position in this rapidly growing segment," he said.

The completion of the sale represents the latest in a long list of M&A activity in Europe – SDG was snapped up by Tech Data just last year around the same time that Avnet swallowed up distie Magirus.