Sonepar: Plus EUR 30 m with first acquisition in 2015

As already reported on 10th October 2014, Matel from Italy was to be taken over by Sonepar at the beginning of 2015. Now the official confirmation has come: Since mid-January the Matel Group has belonged 100% to Sonepar Italia.

Matel, which owns 6 branches and operates additionally in Rumania, has a corporate turnover of more than EUR 30 m.

Thus with this acquisition Sonepar raises its presence in Northern Italy quite decisively and strengthens its leading position in the market.

Currently Sonepar Italia has about 100 branches and makes an annual turnover of approx. EUR 500 m.