January 30, 2023
Rexel continues its active portfolio management with two acquisitions and a disposal
As part of its Power Up 2025 plan, Rexel announces today three transactions, two acquisitions in North America and the divestment of its activities in Norway, further strengthening the Group’s portfolio.
- The acquisition of Buckles Smith Electric Company in the USA was signed and closed on January 5, 2023.
- The acquisition of Lineman’s Testing Laboratories in Canada was signed and closed on January 17, 2023.
- Rexel also announces the signing of the divestment of its operations in Norway to Kesko on January 27, 2023. The completion of the transaction is subject to the approval of Norway’s competition authority.
The three transactions combined will be accretive in year 1 to Rexel’s profitability, earnings, and Return On Capital Employed (ROCE). They are fully in line with the Power Up 2025 strategic roadmap announced in June 2022.