As the Spanish electrical manufacturers association AFME announced....
As the Spanish electrical manufacturers association AFME announced, sales in 2019 in the electrical appliances sector rose by 5.47%; an increase of between 3-5% is expected for this year.
Brook Electrical Supply and Viking Electric, both companies of the Sonepar Group...
Brook Electrical Supply and Viking Electric, both companies of the Sonepar Group in the United States,decided at the beginning of the year to join forces for even greater efficiency and merged.
Brook has 3 branches in and around Chicago; Viking has 21outlets in Minnesota and Wisconsin.
Sonepar has been in the United States since 1998, operating 14 locally administered companies with over 700 branches; in 2018 Sonepar USA had sales of approx. USD 2.9 bn (EUR 2.6 bn)
Wesco, one of the major electrical wholesalers in the United States....
Wesco, one of the major electrical wholesalers in the United States, and Anixter International, the world's largest manufacturer/dealer of cables and wires, announced today that the two companies will definitely merge. The deal is estimated at approx. 4.5 bn. USD (4 bn. EUR). This means that the previous agreement with Clayton, Dubilier & Rice (CD&R) is no longer valid.
The joint company will be the leading electrical company in North America with an estimated annual turnover of approx. 17 bn. USD (15 bn. EUR).
The merger has yet to be approved by the various official agencies and Anixter’s shareholders; final completion is not expected before the 3rd quarter of 2020.
City Electric Supply (CES) in the United States is growing faster and faster.....
City Electric Supply (CES) in the United States is growing faster and faster. The first electrical store opened in the States in 1983. In December 2019, there was a big celebration because the 500th branch was opened in the state of Indiana.
City Electric Supply is better known in Europe under the name City Electrical Factors (CEF) with its headquarters in Kenilworth / Warks.
Fegime will now be represented on the Canary Islands......
Fegime will now be represented on the Canary Islands by Siscocan from January 1, 2020 onwards. Manuel Méndez López, the managing director of Siscocan, is represented with 4 branches in the Canary Islands and thus covers the entire area.
With this increase, Fegime now has 28 members.
Anixter International, the world's largest manufacturer / distributor of .....
Anixter International, the world's largest manufacturer / distributor of cables and wires from Glenview / IL , has decided to sell its business to a partner of Clayton, Dubilier & Rice (CD & R). The transaction has yet to be approved by the various competition authorities, but is expected to close in the first quarter of next year. The sales value is 3.8 bn USD (3.5 bn EUR).
From January to September 2019, Anixter's revenue was 6.6 bn USD (6 bn EUR), an increase of 5% over the previous year.
Net income increased 41% to 162 m USD (147 m EUR).