Hagemeyer North America 3Q Organic Growth: 5.2%
Hagemeyer reported revenue of ﾀ1,580 million for the third quarter 2006. Organic revenue growth was 12.1%, of which more than 60% resulted from mostly copper-related price increases.
The effect of acquisitions and divestments led to an increase of revenue of ﾀ12 million, driven by acquisitions of Cardi in Sweden and a fully owned subsidiary in Poland. This was partly offset by divestments in PPS USA and in the ACE business.
Organic growth for the PPS business was 12.3%; Europe and Asia-Pacific were the main contributors to this growth. In ACE activities, organic growth was 8.9%.
Overall growth in Europe was 14.8% and Asia-Pacific, 13.8%.
In North America, organic ...