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Arrow Electronics, an Arapahoe County-based technology distributor, said it will buy Altimate, a distributor of computing products and services, for $63.98 million to expand in Europe.
Altimate — a unit of Irish business services group DCC PLC — sells data management, security and virtualization software, servers and storage products for medium and large organizations. It posted sales of $298 million last year.
The deal follows Arrow’s acquisitions of Asset Recovery Corp and TechTurn Ltd in February.
