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Top 20 Stories of 2014: #13 Sonepar Makes Four Acquisitions

Every weekday in December, tED magazine is counting down the Top 20 Stories of 2014. Below, the #13 story of 2014, originally posted on June 4, 2014.

Sonepar has acquired the companies MGM Electric in Canada and Interstate in Malaysia.

Founded 25 years ago, MGM sells electrical and lighting products to both electrical contractors and the mining, forestry, and pulp and paper industries.

Founded in 1990, Interstate includes two entities. Interstate M&E distributes electrical and mechanical products to the oil and gas, power, and petrochemical industries. Alongside this entity, Interstate Solutions has built up expertise in the distribution of security and access control solutions. These two companies will strengthen Sonepar’s position in these businesses in Southeast Asia.

Sonepar has also acquired the companies IESA (Costa Rica) and Melexa (Colombia), marking a new stage in the construction of a Latin American network made up of local market leaders.

As a result of these two acquisitions, the Group now operates in a total of 40 different countries.

Founded in 1975 in San José, IESA (Instalación Eléctrica SA) is the number two provider in the Costa Rican market, and serves electrical installers and construction contractors through five branches supplied by a central warehouse.

Melexa, the number one provider in Colombia with annual sales of €80 million, covers the country with its eight branches, and has opened another one in Panama. As a Rockwell distributor, Melexa supplies industrial customers, resellers, and installers with cable, industrial automation, and datacom products and solutions.

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