Electro Rent Corporation is engaged in the rental, lease, and sale of new and used electronic test and measurement equipment. The company purchases its equipment from primary manufacturers, such as Keysight Technologies, Inc.; Anritsu, Inc.; and Tektronix Inc. primarily for use by its customers in the aerospace, defense, telecommunications, electronics, and semiconductor industries. Its data products division offers personal computers and servers from manufacturers, including Dell, HP/Compaq, IBM, Toshiba, and Apple. Distribution The company services its customers through sales offices and calibration and service centers in the United States, Canada, China and Belgium, which are linked by a proprietary on-line computer system. These centers also function as depots for the sale of used equipment. Competition The company’s primary competitors in the North American T&M rental area include McGrath RentCorp; Continental Resources, Inc.; Test Equity LLC; and Microlease plc. Internationally, its major competitors for rental business are Microlease plc and Livingston Group Ltd. in Europe. In equipment sale, the company competes with sales by its suppliers, including Keysight Technologies, Inc. and Tektronix Inc., and their other distributors. The market for the lease and rental of computers and servers is highly fragmented, and the company’s principal competitors include SmartSource Rentals, Source One Rentals, Rentex and CRE Rentals. History Electro Rent Corporation was founded in 1965. The company was incorporated in California in 1965.
electro rent corp (ELRC:NASDAQ GS)
6060 Sepulveda Boulevard
Van Nuys, CA 91411
|Continental Resources Inc/OK||$42.20 USD||-0.17|
|Keysight Technologies Inc||$33.39 USD||+0.05|
|McGrath RentCorp||$30.87 USD||-0.09|
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