Announced
Completed
Financials
Tags
Domestic
United States
electronic cables
Electronic Components and Equipment
Privatisation
electronic devices
Majority
Private Equity
Acquisition
electrical appliance
Public
Friendly
Later Bidder Won
Completed
Synopsis
WESCO, a multinational electronics distribution and services company, completed the acquisition of Anixter International, a communications and security products provider, for $4.5bn. WESCO outbid the offer from Clayton, Dubilier & Rice to buy Anixter. "Today marks a significant milestone for WESCO and Anixter. In combining two industry leaders with successful track records, we are creating the premier electrical, communications and utility distribution and supply chain solutions company in the world. This is a transformational combination that provides substantial value creation for our customers, supplier partners, employees, investors, and the communities in which we operate," John Engel, WESCO Chairman, President, and CEO.
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