Arrow Electronics to buy Einfochips

New York Stock Exchange listed Arrow Electronics Inc. has agreed to acquire Ahmedabad based product engineering company Einfochips Ltd. On its successful completion, the acquisition will give Arrow access to Einfochips 1,500 Internet of Things (IoT) solution architects and software development resources.

Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Shroff, an alumnus of BITS Pilani and the Indian Institute of Management, Ahmedabad, founded Einfochips in 1994. The company works in the areas of product engineering, device life cycle management, IoT and cloud computing frameworks, intelligent automation and video management.

Before founding Einfochips, Shroff had worked for Intel Corp. and Daisy Systems Corp. in the US. At Intel, he was a part of the 80186 processor design team, and was one of the founding engineers at Daisy Systems. Shroff said that Einfochips was among the first companies in Gujarat to offer employee stock options to its workforce.

Shroff, who is also a trustee at Calorx Foundation that works in the education sector in Gujarat, said his company had created an ecosystem that has moulded more than 5,000 engineers so far and contributed in creating as many as 17 start-ups that have been founded by ex-employees of Einfochips