Announced
Completed
Financials
Sources
Tags
utility distribution
Multi-Utilities
Canada
Private
Acquisition
Domestic
Friendly
Completed
Single Bidder
Majority
Synopsis
Rexel, a provider of the multichannel distribution of products and services for the energy world, completed the acquisition of Canadian utility business of WESCO International, a multinational electronics distribution and services company. Financial terms were not disclosed. “This is a unique opportunity for Rexel to accelerate its development in Canada in the attractive and green hydro utility business and to increase its recurring service revenues,” Roger Little, Rexel Canada Group Executive Committee member and Chief Executive Officer.
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