Avnet intends to take over the Berlin-domiciled Betronic, a special distributor of passive components. The acquisition requires the approval of the German Kartellamt (Monopolies Commission. Once it receives this approval, Betronic is to be incorporated into the Avnet Time Organisation in Germany and France – The French DEL S.A. also belongs to Betronic. The newly formed company will operate under the name of Avnet Time.
In the calendar year of 2006 Betronic had a turnover of 32.4 Euro. Ingeborg und Horst Mergener, the founders and Directors of Betronic will manage the sales organization of Avnet Time in Germany and Switzerland and report to Michael Danylow, the President of Avnet Time.
Source: www.channel-e.biz