02
Apr

To better position itself in the operational business for the future, Rexel has further strengthened itself with two experienced executives.

To better position itself in the operational business for the future, Rexel has further strengthened itself with two experienced executives.

Roger Little, head of Rexel Canada, is expected to bring his experience mainly to project management at headquarters; in addition, he and Jeff Baker (CEO in the US) will try to take the business in North America to a new level.

Pierre Benoît, head of Benelux, will be appointed CEO of the newly established UK / Ireland-Benelux cluster, focusing mainly on his experience in digital transformation.

These changes apply from 1.4.2019; all the above persons report to Patrick Berard in Paris.

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In our research "Who are the market leaders in wholesaling in Europe" for our new European survey, we have now reached Spain:

Spain excels in the electrical wholesaling by the fact that there are a large number of purchasing -/ marketing associations, of course the international organizations such as Fegime, Gewa, Idee and Imelco, have their partners in Spain.

The market leader is Sonepar Ibérica with 8 companies and round about 130 branches, the largest of which is Guerin, followed by Dielectro and Hispanofil. (Sonepar’s turnover is approx. EUR 430 m).

Number 2 is Imelco with its 2 strong organizations, Electroclub and Grudilec; together about 60 companies and over 300 branches.

Right behind is FEGIME España with its heavyweights like Berdin and Coeva or Electrofil. Also, the Bongrup now belongs to Fegime (Bongrup was founded in 2006, which is less active in the electrical sector, but rather in the sanitary area).

For completeness only: Gewa is involved with the Nou Grup and Idee with the Elektra group

ABM Rexel was renamed in Rexel Spain S.L. in February 2019. Its 47 branches and 4 logistics centers in Barcelona, ​​Granada, Madrid and Renteria generate sales of around EUR 185 m.

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29
Mar

It's probably the poor performance that forced Rexel at the headquarters in Paris to act now.

It's probably the poor performance that forced Rexel at the headquarters in Paris to act now.


The former Chief Executive Officer CEO), Stephan Strauss was dismissed; his successor from 1.4.2019
will be Jens Wehran who has been Chief Operating Officer (COO) since 2018 and Chief Financial
Officer (CFO) at Rexel Germany.

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Cree from Durham / NC sells its lighting division (Cree Lighting) to Ideal Industries in Sycamore / IL. The selling price is approx.. 310 m USD (274 m EUR) before tax. Cree expects a down payment of 225 m USD (200 m EUR) and another bonus payment upon completion of the transaction.
 

Cree from Durham / NC sells its lighting division (Cree Lighting) to Ideal Industries in Sycamore / IL. The selling price is approx.. 310 m USD (274 m EUR) before tax. Cree expects a down payment of 225 m USD (200 m EUR) and another bonus payment upon completion of the transaction.

The completion of the transaction is expected for the 4th quarter, after approval by the various antitrust authorities.

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Sonepar took over the Italian wholesale group Elettroveneta from Padua at the beginning of March.

Sonepar took over the Italian wholesale group Elettroveneta from Padua at the beginning of March.

Rumors of a change in the Italian electrical wholesale market have been around for some time, but seeing that Sonepar has taken over Elettroveneta, this was quite surprising.

Elettroveneta is it’s headquarter in Padua with a further 34 branches and has been a member of the Findea marketing organization, which in turn is a member of the international association IDEE.

Until the takeover by Sonepar, Elettroveneta has formed a market community called Sistema E with Ferri Elettroforniture from Pescara and their 11 agencies.
The takeover must still be approved by the respective antitrust authorities.

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13
Mar

With retroactive effect from 1.January, the Belarusian Overdrive Electro (OVD) group has become a member of FEGIME Finland & Baltics. 

With retroactive effect from 1.January, the Belarusian Overdrive Electro (OVD) group has become a member of FEGIME Finland & Baltics. 
Read more The group comprises Overdrive Electro (OVD) and Lokalnye Systemy (LSYS), both from the Republic of Belarus, and the Lithuanian company Gartek. The group has sales offices in Minsk, Grodno and Gomel and they are leaders in the market for low voltage, wiring and automation components. The group was founded in 1999 with 4 salesmen; now over 90 people, including more than 40 in sales, are employed.

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