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Image header Agence Europe
Europe Daily Bulletin No. 10914
ECONOMY - FINANCE - BUSINESS / (ae) competition

04/09/2013 (Agence Europe) - Mergers: Avnet/MSC. On Tuesday 3 September, the European Commission gave the go-ahead to acquisition of MSC Investoren GmbH by Avnet EMG GmbH, both of Germany. Avnet is a wholly-owned subsidiary of Avnet Inc., a US-based wholesale distributor of electronic components, computer products and technology services. MSC is a wholesale distributor of electronic components with support and consultancy services. The Commission concluded that the proposed acquisition would not raise competition concerns because of MSC's limited market presence and because other alternatives for the purchase of electronic components would be available for customers. The transaction was examined under the normal merger review procedure. (FG/transl.fl)