Abacus acquires French distributor

Abacus will pay approximately 23 MEUR for the French distributor Axess Technology which also is the owner of the passive components distributor RDI. “The acquisition will provide Abacus with real critical mass in France and will also add significantly to the displays capability of the Group. It represents further evidence of the Board's determination to be a major EU electronic component distributor,” Martin Kent, CEO of Abacus Group told ElectronicsWeekly.