Last week, Sonepar released its 2022 Key Figures with outstanding results, reinforcing its leadership position in the B-to-B distribution of electrical products, solutions, and related services (read full Press Release here).
Not only was 2022 a historic year in terms of performance, reaching a new record with sales of €32.4 billion, but it was also an exceptional year for M&A: Sonepar completed an unprecedented 20 acquisitions, incorporating both generalist and specialist companies (industry, HVAC, utilities, photovoltaic), into its portfolio. These acquisitions represent 183 new branches and 2,100 new associates joining the Group.
From Sonepar’s website: “We are always looking for new companies that are willing to join a family-owned group, where the diversity and well-being of our associates are valued the most, where we work based on a high level of compliance standards and common values, and where investing in our associates and teams is a priority.”
Over the past 20 years, acquisitions represent 60% of total growth, and the group has made 200+ acquisitions accounting for more than €10 billion in sales.
Learn more about Sonepar’s acquisition strategy here: Acquisitions | Sonepar
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