Premier Farnell buys Indian player

ELECTRONIC components distributor Premier Farnell today said it had agreed to buy the assets and goodwill of Hynetic Electronics Private.

Leeds-based Premier Farnell said Hynetic would carry on trading as an existing authorised distibutor of Premier's products in India following the deal.

Premier said the fee for the business would not rise above £500,000 and that the deal should be completed by the end of January.