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Top 20 Stories of 2018: #7 Rexel Accelerates Transformation; Signs Agreement With Siemens

Top 20 Stories of 2018: #7 Rexel Accelerates Transformation; Signs Agreement With Siemens

EVERY WEEKDAY FOR THE REST OF THE YEAR, TED MAGAZINE IS COUNTING DOWN THE TOP 20 STORIES OF 2018. BELOW, THE #7 MOST-VIEWED STORY OF THE YEAR, ORIGINALLY PUBLISHED ON JUNE 8, 2018.

 


 

In line with its strategy aiming at actively managing its portfolio to focus on the most attractive geographies and businesses, Rexel announces two new steps to accelerate the transformation of its activities in Germany, focusing on its profitable industrial business and signing an agreement with Siemens for joint initiatives in the industrial end-market.

In a first step, Rexel Germany initiated discussions today with the works council to refocus the country’s activities and position the company as a national industry specialist and regional provider of electrical products for contractors and installers.

The actions will ensure the company’s sustainability and strengthen its capacity to innovate in its areas of digital expertise. Rexel Germany will further invest in the development of innovative services with an emphasis on product and part supply, maintenance and performance optimization.

Measures include the closure of 17 sales offices, the rationalization of the logistics organization, and workforce reduction. These measures are part of Rexel Group’s efforts to enhance the efficiency of its businesses in Europe.

At the same time, Rexel is accelerating its development in the industrial end-market with the development of a platform that will focus on digital services and solutions for Iot based processes as well as the signature of an agreement with Siemens to develop joint initiatives:

  • Rexel Industrial Solutions GmbH, the newly-created incubator, will become a member of the global user
    organization Mindsphere world;
  • Rexel will collaborate with Siemens in additive manufacturing;
  • Rexel will support the principles of the “Charter of Trust” cybersecurity initiative initiated by Siemens.
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