Sonepar Italia generated sales of EUR 622 million in 2019;.......
Sonepar Italia generated sales of EUR 622 million in 2019; this is 3% more than in the previous year. Online sales stood at EUR 100 million (16% of sales).
In 2019, the takeover of the Elettroveneta Group (turnover EUR 230 million) was also completed. Elettroveneta previously belonged to the Findea group and thus to the international IDEE marketing association. If one were to add the turnover of Elettroveneta to Sonepar, Sonepar would have reached a total of over EUR 830 million in 2019.
Sonepar increased its sales last year by 7.1% to EUR 24 bn....
Sonepar increased its sales last year by 7.1% to EUR 24 bn. 2019 was not only a very profitable year for the company, it was also the 50th anniversary since its foundation.
Sonepar pursues the goal to carry out all processes in an automated and digitized manner. Particular attention is also paid to the relationship between organic growth and acquisitions.
In North America, sales increased by double digits, Europe lagged behind with a plus of 4-6%. Sonepar already makes a remarkable 30% of its worldwide sales in online trading.
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)
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.
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.