In its first earnings report since completing the $4.5 billion acquisition of Anixter International Inc., WESCO notched a loss of $34.5 million.
Latest In WESCO International
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
Mergers and acquisitions among distributors and manufacturers picked up last month after an especially slow April and May, due to concerns over the coronavirus.Â
Walmart prioritizes its online business and WESCO becomes the No. 1 electrical distributor with Anixter acquisition.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
The largest B2B distribution M&A deal finalized Monday, and it is going to have a big impact on electrical, industrial and datacomm distribution.
Electrical giants clear regulatory hurdles as Anixter becomes wholly owned subsidiary of WESCO.
WESCO has also made an offer to acquire Anixter International.
Acquisition expands companys presence in Southeastern U.S.
