UK-based distributors, Components Bureau and Display Solutions have been acquired by Display Technology, the UK subsidiary of Fortec Elektronik, a public listed company in Germany with a turnover of €80m.
Both Components Bureau and Display Solutions will continue to operate from Osprey House, Huntingdon.
Display Solutions will benefit from Distec’s technical expertise with the Artista and Prisma range of boards and the large inventory of displays providing an ex-stock delivery for many products. The acquisition allows Components Bureau to expand their Precision range of wound components in Europe.
Cheng M Yoe will continue to lead both companies as they look to expand across the UK and Europe. Cheng will report to Bernhard Staller, Chief Operating Officer, Fortec Elektronik. Founded in 1984, the Landsberg am Lech, Germany-based company has built a leading position as a distributor of embedded solutions, displays and power supplies.
Done deal: l to r; Andrew Ferrier, General Manager, Components Bureau, Sandra Maile, Chief Executive Officer, Fortec Elektronik, Cheng Yoe, Components Bureau & Display Solutions, Brendan O’Reilly, Commercial Manager, Display Solutions, Bernhard Staller, Chief Operating Officer, Fortec Elektronik.