IEWC to acquire Argosy
WORLD: US-based distributor IEWC has entered into a definitive agreement to purchase Argosy Components Limited. Argosy will continue to operate under the ‘Argosy’ name and retain the same sales and operations teams.
‘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,’ stated Roger Caynor, IEWC’s VP of broadcast and communications. ‘With Argosy, their proven track record with supplier partners and customers will allow IEWC to continue to raise the bar on our offered solutions.’
Prior to the agreement, IEWC already had a strong presence in the United States, Canada, United Kingdom, Germany and China. With the purchase of Argosy it adds an additional UK base as well as operations in the United Arab Emirates and South East Asia.
‘Together, Argosy and IEWC are an extremely natural fit due to the similarities both companies share in their customer-centric business models,’ said Chris Smeeton, Argosy sales director. ‘We’re excited for the opportunities this deal will create not only for Argosy and IEWC, but the enhanced support and expanded product breadth we will be able to offer our customers within the broadcast and communications markets.’