Daetwyler buys electronics supplier

ERJ staff report (DS)

Schattdorf, Switzerland -- the Daetwyler Group is to acquire the German Reichelt Elektronik GmbH & Co. KG from 1 January. For Daetwyler, this will add to its catalogue distribution business of industrial electronics, automation and computer accessories.

The unit employs 200 and generates sales of around Euro 100 million annually.

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Press release from Daetwyler