A 39-year-old Devonport man has been arrested and taken into custody in relation to an armed robbery at a William Street business yesterday morning.

The man is assisting police with their inquiries, however no charges have been laid at this stage.

Police would like to thank members of the public who provided information relating to the incident.

Information can still be provided to police by calling 131 444 or contacting Crime Stoppers anonymously on 1800 333 000 or via crimestopperstas.com.au