MEF

News aus der Elektroindustrie

MEF acquires Coime in Formigine, Coime has 4 sales offices and reinforces MEF's activities in the Emilia Romagna region.

MEF acquires Coime in Formigine, Coime has 4 sales offices and reinforces MEF's activities in the Emilia Romagna region.

Since 2015, MEF has had a partnership with Würth, which in July 2018, also through a strategic partnership, with the wholesale company M.E.B. was extended.
 

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Würth electrical wholesaling has its presence in Italy expanded at the end of June, through a strategic partnership..........

Würth electrical wholesaling has its presence in Italy expanded at the end of June, through a strategic partnership..........

with the wholesale company M.E.B. from Schio. M.E.B. was founded in 1992 and operates 24 branches with a turnover of approx. 107 m  EUR.

The model of this partnership lies in the partnership that was concluded in February 2015 with the wholesaler MEF from Florence, i.e. the majority of M.E.B. is taken over by Würth, the board members and the management remain in their respective postions.

Leonardo Giaffreda, President of the MEF and Board Member of W.EG Italia and Bruno de Guio, President of M.E.B. are pleased that this kind of cooperation will bring further synergies and further strengthens the importance of the brands in the Italian market.

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As is of course already known, Würth acquired a majority share in the Italian electrical wholesale company MEF from Florence in February 2015.

As is of course already known, Würth acquired a majority share in the Italian electrical wholesale company MEF from Florence in February 2015.

MEF has its headquarters in Florence and owns 35 branches.

MEF used to belong to the purchasing cooperative Findea and was also its founding member. Findea is a member of the international marketing organisation IDEE.

Now at the end of the year MEF will cease to belong to Findea, which thus loses a significant member of its organisation.

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As we have already reported, Würth achieved a turnover of EUR 11.1 bn in 2015, including its electrical wholesale activities with the Allied Companies.

As we have already reported, Würth achieved a turnover of EUR 11.1 bn in 2015, including its electrical wholesale activities with the Allied Companies.

Now the exact figures are as follows: in 2015 Würth realized EUR 1,187.4 m (last year: EUR 1,001.4 m), of which EUR 935.5 m (886.2) was generated in Germany and EUR 251.9 m (115.2 ) abroad.

In Germany Würth is represented by the following establishments: Unielektro, Fega&Schmitt, Lichtzentrale and Kluxen.

Abroad there are the electrical wholesalers: Talger (Estonia), Baltik Elektro (Latvia), ElektroBalt (Lithuania), MEF (Italy), Eichmannn (Austria), Fega (Poland) and Elfetex (Czech Republic).

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Würth has bought into the Italian electrical wholesale company MEF in Florence.

Würth has bought into the Italian electrical wholesale company MEF in Florence.

This family-run firm was founded in 1968 and employs approx. 500 people in 32 branches, making a turnover of more than EUR 120 m in 2014. Managing director Leonardo Giaffredo, who will continue to run MEF, is convinced that Würth’s participation could be a springboard for further activities in Italy.

Würth Electrical Wholesale Company (WEG) is led abroad by Ulrich Liedtke, while Uwe Schaffitzel is responsible for the home business.

The turnover of the Allied Companies Division, to which the electrical wholesale business also belongs, amounted to EUR 1,010 m in 2014, which was 3.4% higher than the prior year. EUR 894.8 m of this figure was generated in Germany (+3%) and EUR 115.2 m abroad (+6.1%).

The Würth group as a whole broke the EUR 10 bn turnover barrier for the first time in its last business year, which seems to have generated a reasonable amount of self-confidence, so that now its first strategic cooperation abroad for years has been ventured upon.

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