April 7, 2010 (FinancialWire) — Arrow Electronics, Inc. (NYSE: ARW) said it has agreed to acquire Converge, a provider of reverse logistics services, and Verical, Inc., an ecommerce marketplace geared toward meeting the end-of-life components and parts shortage needs of customers.

Massachusetts-based Converge has 350 employees, and offices in Singapore and Amsterdam, including support centers throughout Europe, Asia and the Americas. Verical is based in San Francisco.

According to Arrow, the acquisitions are expected to be accretive to earnings by $.05 to $.10 per share annually post closing of the Converge transaction. The Converge deal is subject to regulatory approvals and is scheduled to close in May 2010, while the Verical acquisition has been completed.

New York-based Arrow Electronics is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.

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