Würth Electrical completed the acquisition of IDG01.

Würth Electrical, an association of electrical wholesale companies, completed the acquisition of IDG01, a company that distributes electrical products. Financial terms were not disclosed. “Thanks to the success stories of MEF and MEB we are confident to further expand our market share in the central and northeastern part of Italy. However, it was obvious that we would greatly benefit from a strong addition in the northwest. We are very pleased that we were able to convince IDG01 to join our group. In Piedmont, we are gaining a strong position in a region which we were previously not represented in and are expanding our growth opportunities in Lombardy and Liguria. As with MEF and MEB before, IDG01 will become an independent, yet co-operating company within the Würth Electrical Wholesale network," Ulrich Liedtke, Würth Electrical Executive Vice President.