12
Mar

Siemens has completed the acquisition of Russelectric. Russelectric is headquartered in Hingham / MA and employs approx. 400 people, producing switchgear and other power control systems for the electrical infrastructure. The company will now function as "Russelectric, a Siemens business".

Siemens has completed the acquisition of Russelectric. Russelectric is headquartered in Hingham / MA and employs approx. 400 people, producing switchgear and other power control systems for the electrical infrastructure. The company will now function as "Russelectric, a Siemens business".

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12
Mar

Solar from Denmark takes over the majority of the Swedish Onninen branches from the Finnish parent company Kesko.

Solar from Denmark takes over the majority of the Swedish Onninen branches from the Finnish parent company Kesko.

One talks about the business unit heating and air conditioning and 12 branches, but that is almost the entire distribution network in Sweden. The turnover of the acquired branches amounts to DKK 400 m (EUR 53 m).

The transaction is expected to be completed by the end of the second quarter of 2019 at the latest.

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08
Mar

The electrical wholesaler Louis Heuser from Hanover has joined the GC group and thus retired from the marketing organization Fegime.

The electrical wholesaler Louis Heuser from Hanover has joined the GC group and thus retired from the marketing organization Fegime.

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The Spanish wholesaler Nou Grup (about 42 wholesalers with 120 branches) has at the beginning of the year...

The Spanish wholesaler Nou Grup (about 42 wholesalers with 120 branches) has at the beginning of the year reorganized its executive board.

Jordi Balasch (of Electro Tarr) remains the president of the organization. Members of the board are now Gloria González (from Legomar), Jaume Fiol (from Electromat Balear), Nemesio Segurola (from Aseisa) and Manuel Esteban de Paz (from M. Casero).

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20
Feb

The Canadian marketing organization Independent Distributors (IDI) merges with the largest American...

The Canadian marketing organization Independent Distributors (IDI) merges with the largest American purchasing and marketing association Affiliated Distributors (AD) to form AD Canada Industrial & Safety on 1. April 2019. IDI President Rob Dewar will also be the president of the new organization.

IDI brings 107 independent Canadian wholesalers with 364 branches as a dowry into the marriage.

For AD from Wayne / PA, this is the fourth merger in Canada.

AD had total revenue of 41.4 bn USD (36.6 bn EUR) in its 12 divisions (including electrical, sanitation, heating, ventilation, tubes, armatures and building materials) in 2018.

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At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information...

At the shareholders' general meeting of Osram Licht AG on 19 February, the shareholders wanted information on the status of a takeover by third parties. The board blocked in order not jeopardize ongoing talks.

But it is an open secret that Osram has conducted intensive discussions with the investors Bain Capital and the Carlyle Group. The audits continue: a decision on whether and how many percent will be taken is expected to fall by the end of March.

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