Making its mark: Commtech sold to US firm Arrow for €25m

Arrow, which ranked 118 on the Forbes 500 this year, closed the deal with the Dublin-based firm last week

Justin Owens, founder and chief executive of Commtech Picture: Fergal Phillips

The Irish enterprise IT distributor Commtech has been sold to US multinational Arrow Electronics in a deal worth between €25 million and €30 million.

Arrow, which ranked 118 on the Forbes 500 this year, closed the deal with the Dublin-based firm last week.

“It’s been a long road. There are a lot of changes happening in the industry and we just felt it was a good time. We had been speaking to Arrow ...