Würth Electrical strengthens position in Czech Republic

Elfetex, the Czech branch of the Würth Electrical Wholesale Group (W.EG), has with effect from 1.6.2015 taken over the electrical wholesaler ACword in T?inec,............

a regional market leader with around 25 employees and a turnover of approx. EUR 5 m.

Elfetex is one of the largest wholesalers in the Czech Republic with 22 branches and 240 employees.

With this latest acquisition it is hoped to be able to build up the company’s total turnover in the Czech Republic to over EUR 50 m in 2015.

Würth made an electrical wholesale turnover of EUR 1,010 m for the first time in 2014, EUR 895 m of which was generated in Germany.

The consolidated turnover of the Würth Group amounted to EUR 10.12 bn last year.