CHS Electronics, an international distributor of microcomputer products, announced yesterday night an agreement to purchase four subsidiaries of Germany's Metro AG for $320 million in cash and stocks. The acquired units, MAXDATA Computer GmbH, Peacock System GmbH, Vobis Microcomputer AG, and Vobis Assembly GmbH, had combined net sales of $2.3 billion in 1997. They are involved in the assembly, distribution, and retail sale of personal computers and related products in Western Europe.
Tech Industry
Short Take: CHS to buy 4 Metro AG units
CHS Electronics, an international distributor of microcomputer products, announced yesterday night an agreement to purchase four subsidiaries of Germany's Metro AG for $320 million in cash and stocks. The acquired units, MAXDATA Computer GmbH, Peacock System GmbH, Vobis Microcomputer AG, and Vobis Assembly GmbH, had combined net sales of $2.3 billion in 1997. They are involved in the assembly, distribution, and retail sale of personal computers and related products in Western Europe.
Discuss: Short Take: CHS to buy 4 Metro AG units
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