Rexel buys the American company Talley – 05/07/2024 at 08:23

The electrical equipment distributor Rexel RXL.PA announced on Tuesday that it had reached an agreement for the purchase of the American company Talley.

Through this acquisition, Rexel explains that it wants to strengthen its activity in the fields of datacoms and data centers in North America.

Talley, which is expected to generate revenues of approximately $360 million (€334.67 million) in 2024, distributes wireless infrastructure products and solutions.

“The transaction is expected to be accretive to Rexel’s earnings per share from year one, value creation in year two and represent a multiple of approximately 7.0x Ebitda after realization of synergies,” the company said in a statement. communicated.

(Writing by Gaëlle Sheehan, edited by Kate Entringer)

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