© rob hill Electronics Production | September 24, 2012

EC approves Avnet and Magirus acquisition

The European Commission has approved the acquisition of Magirus by Avnet.
The Commission said that the merger between the US Avnet and German Magirus, both distributors of IT products, would not give rise to competition concerns.

“The Commission's investigation showed that the merged entity would continue to face competitive constraint from numerous competitors, including internationally active distributors such as Arrow, Ingram Micro and Tech Data, as well as smaller distributors. In addition, IT manufacturers also supply directly resellers and retailers, thereby bypassing wholesalers,” a statement by the Commission said.


Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Load more news
September 15 2017 9:25 AM V8.7.1-1