Product category:
Electromechanical Components
News Release from: Abacus Deltron
Edited by the Electronicstalk Editorial
Team on 12 July 2001
Deltron distributor acquisitions
continue in Italy
Deltron Electronics has further broadened its European base with the acquisition of C and K Components and Euroind (C and K Italy), two Milan-based businesses, for GBP 5.8 million.
Deltron Electronics has further broadened its European base with the acquisition of C and K Components and Euroind (C and K Italy), two Milan-based businesses owned by the Romano family, for GBP 5.8 million The acquisition of C and K Italy - a long-established distributor of electromechanical components specialising in switches, connectors and sensors, with around 1300 customers throughout Italy and an annual turnover of GBP 6.7 million - gives Deltron its first presence in the country and extends the Group's coverage to nine countries, representing 80% of the total applicable markets in Europe
This article was originally published on Electronicstalk on 30 Mar 2001 at 8.00am (UK)
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Christopher Sawyer, Deltron's Chief Executive said, "The management of C and K Italy have been known to Deltron for many years and will remain at the helm to spearhead Deltron's planned development throughout Italy.
This acquisition will provide us with an immediate foothold in a vital part of Europe's electronics industry and also complements Deltron's strategy of becoming the European market leader for the international electromechanical market".
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