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The Closure of Arrow in the ITAD sector

The Closure of Arrow in the ITAD sector

Upon hearing the news about the closure of Arrow’s ITAD division by the end of the year 2019, we want to announce that here at GreenTek we are always looking for new clients and would love to help those companies that were using Arrow for their ITAD needs. We believe we can provide a smooth transition.

GREENTEK SOLUTIONS LLC, being one of the leaders in the ITAD industry, is environmentally responsable, certified, and fully insured extends an invitation to all the former Arrow clients to reach out to us for a custom proposal that will meet their ITAD needs.

"GREEN TEKSOLUTIONS LLC we are ready to help all former Arrow ITAD customers"

In a conference call that the CEO of Arrow, Michael Long had with their investors, he explains that the business dynamics have changed since he entered into this market. What influences the decision to close is the operating loss before taxes for a total of $ 17 million in the second quarter of 2017 in the ITAD division.

"We believe that this business is not sustainable in the long term and is no longer aligned with our strategy. We believe that this will allow us to focus on our long-term strategy to enable next-generation technology, such as artificial intelligence, industrial automation, smart technology cities and vehicles", CEO Long said in the call.

Arrow will no longer receive devices at its facilities after August 5, 2019. According to the statement, the company anticipates that the personal asset and mobility disposal business will be substantially reduced by the end of 2019.

Concerned about the continuity of your IT Asset Disposition? GREEN TEKSOLUTIONS LLC offers custom ITAD solutions to help facilitate a smooth transition.

At GREEN TEKSOLUTIONS LLC we are ready to help all former Arrow ITAD customers. Contact us for more Information.

Andrea Leal

Reduce, Reuse, Recycle

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