Rexel completed the acquisition of a 25% stake in Trace Software International.

Rexel, a provider of the multichannel distribution of products and services for the energy world, completed the acquisition of a 25% stake in Trace Software International, a software developer. Financial terms were not disclosed. This minority stake goes along with a commercial partnership to accelerate the transformation of the group’s sales force towards selling more software and recurring services. With this investment, Rexel enriches its agnostic value proposition to help customers be more efficient and reinforces the non-residential building offering, alongside an already complete residential offering with software such as Esabora and Comtech.