Every weekday in December, tED magazine is counting down the Top 20 Stories of 2014. Below, the #3 story of 2014, originally posted on December 3, 2013.
Paris, France – Rexel announces two acquisitions in their investor day press release, that expand its footprint in Asia and accelerate the development of its high-growth initiatives.
Acquisition of Quality Trading in Thailand – Allows Rexel to become the number 3 player in one of the most attractive markets in Asia. Based in Bangkok, Quality Trading is one of the largest electrical distributors in the fast-growing Thai market. With 5 branches spread throughout Thailand, Quality Trading mainly addresses the industrial and commercial end-markets with a strong focus on OEM, MRO and Lighting. Quality Trading generated sales of c. 35 million euros in the last fiscal year. The transaction, subject to customary conditions, should close on November 29.
Acquisition of Esabora in France – Accelerates the development of value-added digital solutions. Esabora is a French company editing advanced software tools for electrical contractors and installers. This acquisition will provide Rexel’s customer base with innovative solutions to accelerate growth in Energy Efficicency and Building Automation. Esabora complements the 2011 acquisition of Inoveha and will contribute to the creation of a digital platform accelerating Rexel’s transformation from a product distributor to a solution provider. Esabora generated sales of c. 2 million euros in the last fiscal year. The transaction, subject to customary conditions, should close in January.
Third bolt-on acquisition: Lenn International – Following the two bolt-on acquisitions unveiled this morning in its Investor Day press release, Rexel announced the acquisition of Lenn International. Based in Singapore, Lenn International is a wire and cable distributor focused on the offshore Oil & Gas market with customers across South-East Asia. Lenn International generated sales of c.20 million euros in the last fiscal year. This acquisition enhances Rexel’s offer in the Oil and Gas vertical segment, one of its strategic high-growth initiatives, and strengthens its presence in Asia, in line with its external growth strategy, which aims notably at expanding the Group’s presence in developing markets.
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