Sonepar takes over parts of the solar group

SolarA / S, the Danish electrical wholesaler, sells its activities in Belgium and Austria to the Sonepar Group.

These are the GFI GmbH in Vienna with 5 branches as well as the Claessen-ELGB in Hasselt with 6 branches.

The companies have made losses in recent years, in 2017 they totaled DKK 35 million (EUR 4.7 million) and there was no possibility that this would change in the near future.

In Sonepar they see the strong partner who is very well positioned regionally to continue to serve the customers.

The transaction has yet to be approved by the relevant competition authorities, a final settlement is expected at the end of the second quarter of 2018.