The Austrian lighting manufacturer has extended the contract with its CEO Dr. Alfred Felder by 3 years until 30.4.2022. Dr. Felder came from Osram (Siemens Group) on November 1, 2012, to the Zumtobel subsidiary Tridonic.

The Austrian lighting manufacturer has extended the contract with its CEO Dr. Alfred Felder by 3 years until 30.4.2022. Dr. Felder came from Osram (Siemens Group) on November 1, 2012, to the Zumtobel subsidiary Tridonic.

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On December 11, the Ahlsell Board of Directors confirmed that it had received a cash offer from Quimper AB.........

On December 11, the Ahlsell Board of Directors confirmed that it had received a cash offer from Quimper AB.........

to acquire all shares at a maximum price of SEK 55 / share. The total deal amounts to approx.  SEK 17.97 m (EUR 1.74 m)

CVC Funds is indirectly involved in Quimper, so that the real transferee of Ahlsell is CVC.

Ahlsell is the leading electrical wholesaler in Scandinavia, employing around 5,800 people in approximately 230 branches. Ahlsell is affiliated with the international marketing association IMELCO.

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Grohe AG with its head office in Düsseldorf gets a new head of finance on the 14th January 2019.

Grohe AG with its head office in Düsseldorf gets a new head of finance on the 14th January 2019.

It is Stefan Gesing who changes from thyssenkrupp to Grohe.

Gesing succeeds Adam Bryson, who became Chief Financial Officer of the main shareholder, the Japanese Lixil Group, in September 2018.

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Hagemeyer in Germany will change its legal form and name from mid-January.

Hagemeyer in Germany will change its legal form and name from mid-January.
Hagemeyer Deutschland GmbH & Co KG is renamed to Rexel Germany GmbH & Co. KG.

The headquarters will be new at Ridlerstr.57 in Munich.

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Eaton Corp. from Ireland is apparently nearing the acquisition of the Turkish electric switchgear manufacturer Ulusoy Elektrik.

Eaton Corp. from Ireland is apparently nearing the acquisition of the Turkish electric switchgear manufacturer Ulusoy Elektrik.

Eaton would pay USD 300 m (EUR 265 m); obtain 80% of the shares from members of the founding family and then make a takeover bid to the remaining co-owners in order to take over the rest.

 

Ulusoy employed at the end of September 2018 708 people. Ulusoy has factories in Turkey, since 2009 they also have a sales office in Algeria and since 2015 they produce a certain part in Indonesia.

From Jan. to Sept 2018, the turnover amounted to TL 405.9 m (EUR 68.3 m); an increase of 41.5% over the same period last year. Domestic sales fell by 1.3% to TL 237.7 m (EUR 40 m), while exports increased by 267.2% to TL 168.2 m (EUR 28.3 m).

The net profit in the nine months amounted to TL 93.9 m (EUR 15.8 m), an increase of 68%.

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Rockwell Automation in Brussels appoints Susana Gonzalez as President for the entire EMEA region.......

Rockwell Automation in Brussels appoints Susana Gonzalez as President for the entire EMEA region.

(Europe, Middle East and Africa) effective 1.1.2019.

Before that she was vice President for Europe, and now she will be in charge of the entire region.

She takes over from Thomas Donato, who himself was promoted to Vice President Sales / Marketing.

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