Hagemeyer Acquires Belgian Distributor
Hagemeyer has acquired BREVA, an electrical wholesaler-distributor of MRO products in Belgium. About 70% of BREVA's sales go to industrial customers.
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The acquisition provides Hagemeyer an entrance to the Belgian market and will allow Hagemeyer to serve the Belgian subsidiaries of its large global industrial customers.
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BREVA is headquartered in Zonhoven, Belgium.
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Hagemeyer has had revenues of   ; 4.6 billion in the first nine months of 2006. More than 90% of Hagemeyer's total revenue is generated by its core Professional Products and Services, which focuses on the value-added business-to-business distribution of electrical parts and supplies, safety and other Maintenance, Repair and Operations products in ...
