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Rexel — M&A Activity 2012
Apr 12, 2012
1628_iss_2012-04-12_700b7f16-adfe-4198-b089-08b242327b18.pdf
M&A Activity
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REXEL ACQUIRES THE ASSETS OF SOCIETE COMMERCIALE TOUTELECTRIC IN SOUTHWEST FRANCE
Rexel, a global leader in the distribution of electrical supplies, announces it has acquired the assets of Société Commerciale Toutelectric, which operates in Southwest France.
This acquisition allows Rexel to extend its geographical footprint in France and is consistent with Rexel's strategic aim of strengthening its position in key mature markets. It also enables the Group to strengthen its close relationship with its historical customer base of small and mid-sized installers, mainly dedicated to the residential and commercial end-markets.
This operation should generate c. €85m of sales on an annualized basis.
The deal has been approved by the Autorité de la Concurrence (the French anti-trust authority).
Société Commerciale Toutelectric
Founded in 1937 and based in Toulouse, Société Commerciale Toutelectric operates through 37 branches and 3 logistics centers. The family-owned company serves a large base of customers mainly in the residential and commercial end-markets.
Rexel in France
Rexel is a major player in the distribution of electrical supplies in France. Operating from over 420 branches located across the country, Rexel's French operations in 2011 contributed c. €2.5bn to the Group's consolidated revenues.
Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential. The Group operates in 37 countries, with a network of some 2,100 branches, and employs over 28,000 people. Rexel's sales were €12.7 billion in 2011. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, FTSE4Good, STOXX600 and ASPI Eurozone.
For more information, visit Rexel's web site at www.rexel.com
CONTACTS
FINANCIAL ANALYSTS / INVESTORS PRESS
+33 1 42 85 76 12 +33 1 42 85 76 28 [email protected] [email protected] +33 1 42 85 57 61 +33 1 53 96 83 92
Marc MAILLET Pénélope LINAGE-COHEN Florence MEILHAC Brunswick: Thomas KAMM [email protected] [email protected]