- Arrow Electronics’ acquisition of iQmine, a leading provider of engineering services to the automotive and transportation industries, further strengthens the capabilities of Arrow’s Automotive Centre of Excellence
- RSM Ebner Stolz supported Arrow Electronics with a comprehensive financial due diligence
Stuttgart, November 14, 2024 - RSM Ebner Stolz has advised Arrow Electronics, Inc. (Arrow Electronics), a global provider of technology solutions, and its engineering services company, eInfochips, Inc. (eInfochips), on the acquisition of iQmine GmbH (iQmine) to support the expansion of Arrow Electronics' Automotive Centre of Excellence (CoE). RSM Ebner Stolz supported Arrow Electronics with a financial due diligence and provided additional financial transaction advisory services.
Arrow Electronics sources and engineers technology solutions for thousands of leading manufacturers and service providers. With global 2023 sales of $33 billion, Arrow Electronic’s portfolio enables technology across major industries and markets.
eInfochips, an Arrow Electronics company, is a leading provider of digital transformation and product engineering services. With 500-plus products developed and 40 million deployments in 140 countries, eInfochips fuels technological innovations in multiple verticals. eInfochips accelerates time to market for its customers with its expertise in the areas of cloud, IoT, AI/ML, digital twins, hyper automation, and cybersecurity.
iQmine is an automotive and transportation engineering services provider headquartered in Munich, Germany, with a development centre in Istanbul, Turkey. iQmine supports product development for automotive OEMs and Tier-1 suppliers, specialising in AUTOSAR, ECU software development, functional safety and vehicle diagnostics.
The establishment of development centres in Munich and Istanbul helps to better support customers in the development of next-generation automotive products.
RSM Ebner Stolz supported the transaction with a comprehensive financial due diligence and provided additional transaction advisory services to Arrow Electronics.
RSM Ebner Stolz team: Endre Lazar (Lead Partner Germany, Transaction Advisory Services), Tobias Maximilian Fritz, Thomas Krockenberger, Max Dirlewanger, Marie Katzer (all financial due diligence).
RSM US: Ryan Bosworth (Partner), Christy Davidson (both financial due diligence)
Press contact
Henning Marburger
RSM Ebner Stolz
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henning.marburger@ebnerstolz.de
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Endre Lazar
RSM Ebner Stolz
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70174 Stuttgart
Phone +49 711 2049-1916
endre.lazar@ebnerstolz.de
About RSM Ebner Stolz
RSM Ebner Stolz is one of the largest independent medium-sized auditing and consulting firms in Germany. The company is among the top ten in the industry and has broad expertise in assurance, tax, legal and management consulting. With this multidisciplinary consulting approach and as one of the market leaders in the middle-market sector with more than 2,400 employees at 14 locations, RSM Ebner Stolz serves national and international industrial, commercial and service enterprises in all sectors.
As a member of RSM International, RSM Ebner Stolz offers its clients high-quality assurance and consulting services in 120 countries with 820 offices worldwide.