ARI, a leading provider of technology-enabled business solutions that connect equipment dealers, distributors and manufacturers, announced July 1 that it acquired certain assets of Info Access, the micropublishing division of Eye Communications, Inc., Hartland, Wis. Under the terms of the transaction, ARI will acquire all of the assets related to electronic parts catalog (EPC), electronic commerce and certification testing for service technicians. Terms of the transaction were not disclosed.
“We are very pleased to add many of the employees and the customers of Info Access to the ARI family,” said Brian E. Dearing, ARI’s chairman and chief strategy and corporate development officer. “We are committed to continuing to provide the stellar service and support that manufacturers like Whirlpool, Maytag, Electrolux, LG, U-Line, and Viking and their distributors and service agents have come to expect. We also look forward to expanding our presence in the appliance industry with additional offerings, including our award-winning marketing services.”
Dearing said that the acquisition is expected to add more than $1 million in profitable revenue to ARI and be accretive to revenue and income per share within the first year.
“We are excited about entering a new vertical market,” said Roy W. Olivier, ARI’s president and chief executive officer. “We are looking forward to integrating the Info Access operations and leveraging our position as the number one EPC supplier to the appliance industry.”
As part of the transaction, nine Eye Communications employees will join ARI, including Donald E. Grice, general manager of the micropublishing unit. “I’m delighted to be joining forces with ARI,” said Grice, who will serve as business development manager – appliance industry for ARI. “In addition to continuing to provide excellent service to our customers, we will now have the resources to deliver additional products and services to appliance manufacturers and distributors across the country.”
For more information, visit ARI’s Web site at www.arinet.com.