Wesco

News aus der Elektroindustrie

Rexel announced on 2nd February that it had acquired WESCO International's Canadian subsidiary (WESCO Canada Utility)...

Rexel announced on 2nd February that it had acquired WESCO International's Canadian subsidiary (WESCO Canada Utility). WESCO had merged with Anixter in June 2020 and in this context agreed with the Canadian competition authority that they would sell their Canadian sales company in return. The net proceeds of this deal would be used to repay WESCO's debt.

WESCO Canada operates in an environment where hydropower accounts for more than 60% of electricity generation and more than 2/3 comes from green energy. The company operates four offices in Canada with around 60 employees and sales of over USD 70 million (EUR 58 million).

This is a unique opportunity for Rexel to accelerate its development in Canada in the attractive and environmentally friendly hydropower business and to benefit from the recurring service revenues.

With this takeover, Rexel also wants to prove that it has repositioned itself in the recent past and is ready again to take up its acquisition strategy and take over companies that complement its own activities and product range in order to increase the company's value.

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13
Jan

Wesco, one of the major electrical wholesalers in the United States....

Wesco, one of the major electrical wholesalers in the United States, and Anixter International, the world's largest manufacturer/dealer of cables and wires, announced today that the two companies will definitely merge. The deal is estimated at approx. 4.5 bn. USD (4 bn. EUR). This means that the previous agreement with Clayton, Dubilier & Rice (CD&R) is no longer valid.
The joint company will be the leading electrical company in North America with an estimated annual turnover of approx. 17 bn. USD (15 bn. EUR).
The merger has yet to be approved by the various official agencies and Anixter’s shareholders; final completion is not expected before the 3rd quarter of 2020.

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Wesco International from Pittsburgh/ Pennsylvania, one of the largest electrical and industrial wholesalers........

Wesco International from Pittsburgh/ Pennsylvania, one of the largest electrical and industrial wholesalers........

in the US, increased its turnover to USD 2.1 bn (EUR 1.8 bn) in the third quarter; this was an increase of 3.4% compared to the same period of the previous year.

Operating income amounted to USD 97.5 m (EUR 85.6 m), up 9.8%.


For the 9 months of the year, this translates into revenues of USD 6.2 bn (EUR 5.4 bn); plus 8.8% compared to 2017.

For the coming year the CEO John J. Engel, expects above-average results and sales growth by 3% - 6%.

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W. W. Grainger of Lake Forest / Illinois, one of the largest wholesalers in the US in the field of .........

W. W. Grainger of Lake Forest / Illinois, one of the largest wholesalers in the US in the field of .........

maintenance, repair and operating (MRO), named a successor for the retired Joseph High.

It is Ms. Kathleen S. Carroll; she comes from the First Midwest Bank, where she was already in management responsibility.

Carroll has extensive human resources management expertise, in particular talent search and development and all sorts of compensation questions, as well as replacement situations.

Grainger had a turnover of USD 10.4 bn (EUR 9.1 bn) in 2017.

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Wesco from Pittsburgh/ Pennsylvania is one of the largest electrical and industrial wholesalers in the United States.

Wesco from Pittsburgh/ Pennsylvania is one of the largest electrical and industrial wholesalers in the United States.

The vice-president and CFO Kenneth Parks is leaving Wesco on 31.5.2016 in order to join the pharmaceutical company Mylan as financial director.

Parks, who has been employed at Wesco since June 2012, will now take part in the search for a suitable successor, his position being taken over by Tim Hibbard in the meantime.

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In Fortune business magazine, in which the world’s most admired companies are listed each year in a variety of categories, there...................

In Fortune business magazine, in which the world’s most admired companies are listed each year in a variety of categories, there...................

is the category Diversified Wholesaler in 2016 and among those nominated are:

Grainger (US), Graybar Electric (US), Wesco International (US), Rexel (FR), Wolseley (UK) and Anixter International (US).

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In the opinion of the American Electrical Wholesaling trade journal and sorted by turnover the following rank order emerges...............

In the opinion of the American Electrical Wholesaling trade journal and sorted by turnover the following rank order emerges...............

for the largest electrical wholesale companies in North America for the year 2015:

1. Sonepar North America (Charleston/South Carolina) CEO: David Gabriel
2. Wesco (Pittsburgh/Pennsylvania) CEO: John Engel
3. Graybar Electric (St. Louis/Missouri) CEO: Kathleen Mazzarella
4. Rexel USA (Dallas/Texas) CEO: Brian McNally

These are followed by Anixter, Consolidated Electrical Distributors (CED), HD Supply Power Solutions, Border States Electric and W.W. Grainger.

By means of numerous takeovers in North America in the last two years Sonepar has now pushed ahead of Wesco to become the no. 1 in the electrical wholesale trade in North America as well.

In the positions below them there were no changes.

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Wesco from Pittsburgh/ Pennsylvania is one of the largest electrical and industrial wholesale companies in the United States.............

Wesco from Pittsburgh/ Pennsylvania is one of the largest electrical and industrial wholesale companies in the United States.............

with a turnover of EUR 7 bn in 2014. For 2015, as already announced, a drop of 4- 5% is expected. 

Wesco’s president, John J. Engel , has now given an outlook for 2016, where he expects reduced demand in end markets, mainly driven by the raw materials sector and the currency situation, which will continue  for the whole year. Therefore turnover figures are expected to range between last year’s level and minus 5%.

In 2016 the company’s aims include improving its profitability and, by means of acquisitions, where good chances are seen, to expand its product and services portfolios.

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Sorted by turnover, here is the rank order for the largest electrical wholesale companies in North America for the year 2014:

Sorted by turnover, here is the rank order for the largest electrical wholesale companies in North America for the year 2014:

1. Wesco (Pittsburgh/Pennsylvania) with EUR 7.07 bn
2. Sonepar North America (Charleston/South Carolina) with EUR 6.36 bn
3. Graybar Electric (St. Louis/Missouri) with EUR 5.38 bn
4. Rexel USA (Dallas/Texas) with EUR 4.48 bn

They are followed by Consolidated Electrical Distributors (CED), HD Supply Power Solutions, Border States Electric and W.W. Grainger.

 

 

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Wesco International Inc. (Pittsburgh/USA), one of the five largest electrical wholesalers in North America, could only manage to increase............

Wesco International Inc. (Pittsburgh/USA), one of the five largest electrical wholesalers in North America, could only manage to increase............

its turnover by 0.3% in the 1st quarter 2015 to USD 1,816.3 m (EUR 1,629.3 m), while net profits fell by 9.4% against the comparable period of last year to USD 47 m (EUR 42.2 m).

Already at the beginning of the year the annual turnover target had been slightly reduced to minus 3% to plus 3% due to bad weather conditions and currency fluctuations, since a drop in demand on the industrial end markets was expected for the year as a whole.

The company now plans to take countermeasures by means of additional actions to accelerate their One WESCO sales initiatives, reduction of structural costs, consolidation of branches with personnel increases and better treatment of areas badly served until now and neglected customers.

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