Wurth acquires Electo Stocks from Apax.

Würth Electrical Wholesale Group, a leading electrical manufacturer and distributor based in Germany, has acquired, Grupo Electro Stocks(GES), one of the leading companies in the Spanish electrical wholesale market, from Funds advised by Apax Partners. Financial terms were not disclosed. "We look forward to welcoming the entire team of GES to the family of the Würth Group, once approval of the antitrust authorities has been obtained.” Ulrich Liedtke, Wurth Executive Vice President.