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.

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.