"ADI is a critical component to Resideo's long-term growth. As such, we are strategically investing in the business organically while simultaneously pursuing tuck-in acquisitions. This two-pronged approach helps broaden our market reach and accelerate our growth," said Jay Geldmacher, President and CEO of Resideo. "The acquisition of Arrow aligns with ADI's strategic growth plan of expansion into adjacent categories, marking the fourth acquisition for our distribution business since 2020 and second in Data Communications."

Arrow strengthens ADI's portfolio in the Data Communications category with an assortment of copper and fibre cabling and connectivity, connectors, racking solutions, network equipment and more. Additionally, the acquisition increases ADI's geographic footprint with added warehouse and distribution operations to better enable ADI to meet the needs of customers.

Terms of the transaction were not disclosed.