Arrow acquires eInfochips to expand IoT offering
January 4, 2018
Arrow Electronics has acquired eInfochips so it can add the Snapbricks IoT framework to its IoT design services and benefit from eInfochips' 1500 IoT architects, ASIC and embedded engineers, and software development resources.
EInfochips, an India and California-based product engineering services firm, will act as a fully owned subsidiary of Arrow Electronics. The transaction is expected to close this month, after completion of all closing conditions and upon receiving the statutory approvals.
"EInfochips has been a leader in the product engineering services market," said Pratul Shroff, CEO of eInfochips. “We have helped launch award-winning products in various domains for over 20 years. Unlike other services companies, we pioneered end-to-end product design, including hardware, software and industrial design.”
With its focus on IoT-based services, cloud interconnects and mobility, combined with its expertise in designing electronic devices, eInfochips believes it is in a unique position to enable product transformation and offer complete solutions to the business problems of its customers.
“This acquisition by Arrow will allow us to leverage synergies between our engineering capabilities and digital transformation offerings with Arrow's tremendous breadth of electronics and enterprise products and digital operations, including in IoT,” said Shroff. “This also brings a $23.8bn-revenue Fortune 118 corporation to Ahmedabad, Gujarat, India, which is a matter of immense pride to all of us at eInfochips. This acquisition is also a testament to our engineering execution, expertise in connected devices and connecting them to the cloud, and the trust that our clients place in us. We are excited to join forces with Arrow to further add value to our clients across the world.”
Adding eInfochips' end-to-end product design capabilities, digital transformation offerings in cloud services, IoT, intelligent automation, devops and video management to Arrow's eDesign platform should augment the scale of digital services offerings to Arrow's 125,000 customers.
“Upon close of this acquisition, eInfochips advances our IoT strategy, expands our offerings, and moves us into the rapidly growing IoT services market,” said Michael Long, chief executive officer of Arrow. “As a result, we will deliver complex and connected IoT technologies across multiple cloud platforms.”
Together, they should be able to offer connected IoT technologies for global companies looking for end-end product design and development, including sourcing components, engineering services, manufacturing support, product sustenance and digital transformation.
“Arrow has redefined design engineering with our industry-leading eDesign digital platform,” said Matt Anderson, chief digital officer of Arrow. “Customers now collaborate on Arrow.com with hundreds of online-enabled engineers. Our engineers help customers with online reference designs, cloud-based design tools and our eDesign platform. Connecting eInfochips’ IoT capabilities and engineers to our eDesign platform will substantially augment the scale of eInfochips’ services, delivered via digital tools, to Arrow’s 125,000 customers.”
Synergies in digital initiatives, including IoT and cloud services, should provide sensor-to-cloud IoT platforms for product and services needs. EInfochips will be able to expand current services and act as a catalyst for R&D and IP initiatives in the area of digital transformation.
EInfochips is a product engineering and software R&D services company with over 20 years of experience, more than 500 product developments and over 40 million deployments in 140 countries across the world, in multiple domains, including aerospace and defence, automotive, consumer electronics, home and industrial automation, medical devices, retail, security and surveillance, semiconductors, transportation, and logistics.
With its R&D centres in the USA and India, eInfochips continuously invests and fuels innovations in the areas of product engineering, device lifecycle management, IoT and cloud frameworks, intelligent automation, and video management. The company has a sales presence in the USA, Japan and India.