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Avnet acquires European passive component distributor

Posted: 26 Sep 2007 ?? ?Print Version ?Bookmark and Share

Keywords:passive components? acquisition agreement? electromechanical? interconnect?

Avnet Inc. has entered an agreement to acquire Betronik GmbH to strengthen its position in the European interconnect, passive and electromechanical (IP&E) components distribution market.

Founded in 1986, Betronik is distributes passive components in Germany. The company employs 80 people in its logistics center in Berlin, and seven sales offices across Germany and one in France.

"The acquisition of Betronik, like the Flint acquisition three months ago, is another example of Avnet's commitment to invest in the European IP&E market," said Patrick Zammit, president of Avnet Electronics Marketing EMEA. "Both Betronik's and Avnet Time's customers will gain access to one of the industry's best passive components portfolios and a broader spectrum of value-added services. We have very exciting plans for Avnet Time across Europe and are confident that our suppliers and customers will embrace the opportunities that evolve from this expansion."

The acquisition is subject to the final approval by the German anti-trust authority (Bundeskartellamt). Following the anti-trust approval, Betronik and its French subsidiary DEL S.A. will be combined with the Avnet Time organization in Germany and France, respectively. The new business will operate within Avnet Electronics Marketing EMEA under the Avnet Time brand. As a result of the merger, Ingeborg and Horst Mergener, managing directors and founders of Betronik, will lead the sales organizations in Germany reporting directly to Michael Danylow, president of Avnet Time.

Notes Danylow: "Germany is by far the biggest marketplace in Europe for IP&E products. Together with Betronik, we can grow to become a leading force in this critical region."

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