16
Oct

Eaton has sold its lighting business to Signify of the Netherlands for 1.4 bn USD (1.3 bn EUR) in cash. ......

Eaton has sold its lighting business to Signify of the Netherlands for 1.4 bn USD (1.3 bn EUR) in cash.

Signify N.V. is a lighting manufacturer based in Eindhoven/NL. Originally it was a division of the electronics manufacturer Philips and has been listed on the stock exchange as an independent company since May 2016.

Eaton's lighting division had sales of 1.7 bn USD (1.5 bn EUR) in 2018.

The transaction still has to be approved by the competition authorities. Final closing is expected in the 1st quarter of 2020.

Eaton's total sales in 2018 amounted to 21.6 bn USD (19.6 bn EUR), an increase of 5.9% over the previous year. Net profit in 2018 amounted to 2.145 m USD (1.945 m EUR), down a remarkable 28.2% on the previous year.

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09
Oct

The Internet of Things (IoT) has become indispensable today; just think about trade fairs, training courses, presentations, etc.

The Internet of Things (IoT) has become indispensable today; just think about trade fairs, training courses, presentations, etc.

But it is precisely in this area that manufacturers have to work closely with wholesalers and their customers, in order to be still competitive in the future. Cooperation is also necessary to build trust and thus benefit from each other's knowledge. Dealers can provide valuable information about market developments if they are involved in a project at an early stage and can also protect manufacturers from serious misunderstandings in individual cases.

Since training courses for new products and systems are often very complex and therefore very expensive, they must be planned and carried out accordingly; again best in cooperation. As a rule, such training courses are held at the manufacturer's premises or in one of its branch offices, which are located in the respective economic strongholds.

However, the emphasis should always be on training the entire system, not just the individual products.
 

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Sonepar has entered into a partnership with Sunlight Financial in the US........

Sonepar has entered into a partnership with Sunlight Financial in the US. Sunlight is working with solar companies and homeowners to help finance solar and home improvement projects. Sunlight provides loans through a simple approval process and without prepayment fees to improve the cash flow situation for solar installers.

The installers registered with this program can order Sunlight financed systems and products from Sonepar, i. e. Sunlight pays Sonepar directly for this, thus improving the situation with the installers.

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04
Oct

As the ZVEI announced, in July 2019 exports of the German electrical industry increased.....

As the ZVEI announced, in July 2019 exports of the German electrical industry increased by 6.3% over the previous year to 18.1 EUR bn.

Imports of electrotechnical goods to Germany increased by 4.1% to 111.7 EUR bn between January and July.

From January to July, exports to industrialized countries increased by 3.6% over the previous year to 80.8 EUR bn.

Deliveries to China increased for the first time in one month (July) by 9.8% to 2.0 bn EUR. Russia increased by 29% to 396 m EUR.

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03
Oct

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France.....

Rexel Announces the appointment of Thomas Moreau as Chief Executive Officer (CEO) of Rexel France. The appointment of Moreau will take effect on 1 October. For the past three years, Moreau has served as Commercial Vice President of Rexel France.
Moreau joined Rexel in 2017 after spending fifteen years in various positions at Schneider Electric, where he became Vice President Business Strategy France in 2014. Moreau graduated from EDHEC Business School.

In addition, Shahab Chaudhry, currently CFO of Rexel Middle East, has been appointed Rexel Canada's Corporate Controller. Chaudhry has held various financial positions within the Rexel Group over the last 10 years and has been instrumental in the growth of the Middle East business in recent years.

His successor will be as of November 1, Ms. Joanne Bjelanovic; she will be based in Dubai.

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01
Oct

The marketing group IDEE located in Gerlingen near Stuttgart celebrated....

The marketing group IDEE located in Gerlingen near Stuttgart celebrated its 25th anniversary under the motto "futureforum - a digital journey" and invited to Rome its European partners / members and main suppliers. IDEE, with its managing director, Heinrich Thye, is represented in electrical wholesaling in 21 European countries with the largest, independent electrical wholesalers.

To say it straight away: The event was a huge success. The topics were carefully prepared, and the speakers were excellent. They were partly Italian professors who all spoke very good English without exception. Great compliment.

Of course, the main topic was digitization and Industry 4.0; Topics that were dealt with very competently and since they also affect every single company have found corresponding approval.

Too bad that there are so few of this kind of event in the electrical industry.

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