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France-based electrical distributor Sonepar has agreed to acquire Netherlands-based Van Egmond Group, which employs 100 associates and had sales of €50 million (US$45.9 million) in 2014. Terms were not disclosed.
Van Egmond Group operates through two companies: Van Egmond Elektro Groothandel, providing electrical products and services, and Van Egmond Industriële Automatisering, specializing in industrial automation and control services.
The acquisition strengthens Sonepar's position in the Netherlands.