The publicly traded Japanese Kaga Electronics group has acquired a 22 percent share in the German company Elatec GmbH. Both companies are specialised distributors of electronic components. The move aims to strengthen their activities in the fast-growing East European market where Elatec has been operating successfully for a number of years and has excellent contacts.
In signing the agreement in October 2006, the parties sealed a partnership of great benefit to both sides. Kaga Electronics reported turnover of over US $2.5 billion for 2005 and is aiming for rapid expansion in the growth markets of Eastern Europe, where Elatec has been successfully active for years distributing electronic components and developing and supplying telephone, banking and loyalty cards, as well as RFID solutions. While Kaga thus gains access to established distribution channels and business contacts, Elatec will benefit from a financially strong partner and a more diversified product portfolio to further expand its East European activities.
Further information available at www.ElatecWorld.com or on request.
Kaga Electronics
Kaga Electronics, established in 1968, is a global distributor of electronic components and electronic sub-systems. Kaga also develops firmware and applications software for its customers. Since September 1997, Kaga Electronics became a publicly traded company on the Tokyo Stock Exchange. The company has its head offices in Tokyo, Japan. Kaga Electronics Co Ltd postes a revenue of about 2,5 billion USD.
More Information: http://www.taxan.co.jp/...
In signing the agreement in October 2006, the parties sealed a partnership of great benefit to both sides. Kaga Electronics reported turnover of over US $2.5 billion for 2005 and is aiming for rapid expansion in the growth markets of Eastern Europe, where Elatec has been successfully active for years distributing electronic components and developing and supplying telephone, banking and loyalty cards, as well as RFID solutions. While Kaga thus gains access to established distribution channels and business contacts, Elatec will benefit from a financially strong partner and a more diversified product portfolio to further expand its East European activities.
Further information available at www.ElatecWorld.com or on request.
Kaga Electronics
Kaga Electronics, established in 1968, is a global distributor of electronic components and electronic sub-systems. Kaga also develops firmware and applications software for its customers. Since September 1997, Kaga Electronics became a publicly traded company on the Tokyo Stock Exchange. The company has its head offices in Tokyo, Japan. Kaga Electronics Co Ltd postes a revenue of about 2,5 billion USD.
More Information: http://www.taxan.co.jp/...
