New Berlin-based IEWC has acquired UK-based Argosy Components Ltd.
Argosy, which has 25 employees, is a leading products and components distributor for the broadcast and communications industry. It has locations in England, Dubai and Kuala Lumpur, and its clients include BBC, NBC, MTV and Al Jazeera.
IEWC, which has more than 400 employees, is a premier global supplier of wire, cable and wire management products for sub-assemblers, OEMs and broadcast and communications firms, with distribution centers strategically located throughout the world. The acquisition of Argosy has expanded its reach in the UK, United Arab Emirates and Malaysia, while adding to its broadcast and communications offerings.
Mike Purnell and Ken Eckardt, the previous owners of Argosy, have retired from the business and have been retained as external consultants. IEWC is adding some employees to the Argosy team, which will retain its existing managers.
The companies declined to disclose the transaction price.
“As IEWC continues to strengthen its investments within the broadcast and communications industries, choosing partners and solutions that will truly enhance the IEWC customer experience has been of the utmost importance,” said Roger Caynor, vice president of Broadcast & Communications at IEWC. “With Argosy, their proven track record with supplier partners and customers will allow IEWC to continue to raise the bar on our offered solutions.”