Mergers: European Commission clears Avnet’s acquisition of Abacus in electronic components industry

The European Commission has approved under the EU Merger Regulation the proposed acquisition by Avnet of the US of Abacus of the UK. Both companies are electronic components distributors. The investigation has shown that the concentration would not significantly impede effective competition in the European Economic Area (EEA) or any substantial part of it. [European Commission Press Release]