Rexel: three portfolio rotation transactions – 01/30/2023 at 08:45


(CercleFinance.com) – As part of its Power Up 2025 strategic plan announced in June 2022, Rexel announces three transactions in January, two acquisitions in North America and the disposal of its activities in Norway, thus strengthening its portfolio.

It thus acquired Buckles Smith Electric Company in the United States, a player in industrial automation and authorized reseller of Rockwell automation solutions, as well as Lineman’s Testing Laboratories in Canada.

Rexel also signed the sale of its operations in Norway to Kesko, which are less profitable than the group’s average and have less strategic potential, a sale which remains subject to the local competition authority.

The three transactions combined will be accretive for the French distributor of electrical equipment from the first year in terms of profitability, results and return on capital employed (ROCE).



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