Rexel Succeeds in Offer for Hagemeyer
Rexel's offer for competitor Hagemeyer NV has gone through. Rexel had offered to pay nearly $4.7 billion (at current exchange rates) for the Dutch electrical distributor.
Jean-Charles Pauze, chairman of Rexel's management board, said: The success of our offer for Hagemeyer underscores the strategic merits of the transaction, which marks a step change in the distribution of electrical supplies worldwide and reinforces Rexel's leading market positions in Europe. We are greatly looking forward to moving on to the next stage, working with Hagemeyer's teams and building on a stronger platform to accelerate profitable growth."
Sonepar has agreed to buy some of Hagemeyer's assets from Rexel, including those in the U.S. Sonepar CEO Marie-Christine Coisne said the ...
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