{"id":7866,"date":"2023-01-30T13:10:55","date_gmt":"2023-01-30T13:10:55","guid":{"rendered":"https:\/\/www.emr-online.com\/?p=7866"},"modified":"2023-02-01T13:13:58","modified_gmt":"2023-02-01T13:13:58","slug":"rexel-rexel-continues-its-active-portfolio-management-with-two-acquisitions-and-a-disposal","status":"publish","type":"post","link":"https:\/\/www.emr-online.com\/rexel-rexel-continues-its-active-portfolio-management-with-two-acquisitions-and-a-disposal\/","title":{"rendered":"Rexel – Rexel continues its active portfolio management with two acquisitions and a disposal"},"content":{"rendered":"
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The three transactions combined will be accretive in year 1 to Rexel\u2019s profitability, earnings, and Return On Capital Employed (ROCE). They are fully in line with the Power Up 2025 strategic roadmap announced in June 2022.<\/p>\n
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The acquisition of Buckles Smith Electric Company in the USA was signed and closed on January 5, 2023. A recognized industrial automation player and authorized reseller of Rockwell automation solutions, Buckles Smith reinforces Rexel\u2019s expertise, footprint and customer relationship capabilities in the San Francisco Bay area. The combination of both companies will allow them to accelerate development in a high growth and technologyoriented area. Buckles Smith operates 6 branches and generated 2022 sales of c. USD150m.<\/p>\n
The acquisition of Lineman\u2019s Testing Laboratories in Canada was signed and closed on January 17, 2023. This company expands Rexel Canada\u2019s footprint in the attractive utility market with a set of services, products and solutions that will be a valuable complement to Rexel\u2019s portfolio. Lineman\u2019s Testing Laboratories operates 2 branches and generated sales of c. CAD 25m in 2022.<\/p>\n
Rexel also announces the signing of the divestment of its operations in Norway to Kesko on January 27, 2023. Rexel\u2019s activities in Norway, generating sales of approximately \u20ac250m in 2022, were less profitable than Group average and presented less strategic and value creation potential for the future. The completion of the transaction is subject to the approval of Norway\u2019s competition authority.<\/p>\n
The three transactions combined will be accretive in year 1 to Rexel\u2019s profitability, earnings, and Return On Capital Employed (ROCE). They are fully in line with the Power Up 2025 strategic roadmap announced in June 2022.<\/p>\n
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Since January 1, 2021, through 10 transactions including those announced today, Rexel has acquired c. \u20ac1.5bn of sales and divested c. \u20ac0.5bn of sales, materially enhancing the Group\u2019s growth and profitability profile and reinforcing its capabilities to address the challenges and opportunities of the energy transition and electrification trends.[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n
[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space height=”50px”][\/vc_column][\/vc_row][vc_row el_class=”bg_wt_rc”][vc_column][vc_column_text]<\/p>\n
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More information on Rexel:<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n More information on Guillaume Texier (CEO, Rexel):\u00a0<\/strong>See the full profile on EMR Executive Services<\/p>\n More information on Rexel PowerUp 2025 Strategic Plan:<\/strong>\u00a0See the full profile on EMR Executive Services +\u00a0https:\/\/www.rexel.com\/en\/medias\/events\/capital-markets-day\/<\/a>\u00a0+ After undergoing a profound transformation over the past five years that has enhanced the Group\u2019s resilience, Rexel is now well positioned for a new phase of profitable growth, driven both by further optimization of its core model and the development of a leadership position on topics shaping the future of the industry: ESG, energy transition solutions and advanced services. These are encapsulated in a new company-wide plan called Power Up 2025 and captured in robust medium-term financial and environmental targets.<\/p>\n <\/p>\n More information on Rexel USA Inc.:<\/strong>\u00a0https:\/\/www.rexelusa.com<\/a>\u00a0+ Rexel USA had 2021 sales of 3.9 billion euros. It has 446 branches and employs 6,700 people. Our Focus on Smarter Solutions Made Us America’s Premier Distributor.<\/p>\n Millions of US electrical customers trust the expertise, resources and relationships of Rexel USA, Inc. As the US presence of Rexel Group, one of the world’s largest electrical distributors, we apply our know-how, productivity tools and hands-on business-building initiatives to help our customers thrive. Not satisfied with simply delivering products, nearly half of our employees are dedicated to improving how we connect customers with the supplies, solutions and services they need. We’ve developed supply chain models that reduce inventory, raise productivity and cut installation costs. We also help our customers uncover new opportunities. Our energy teams can slash the cost and raise the performance across a facility \u2013 from lighting upgrades to complete energy management solutions.<\/p>\n Other Rexel USA Companies are:<\/p>\n More information on Brad Paulsen (Chief Executive Officer, Rexel USA):<\/strong>\u00a0See the full profile on EMR Executive Services<\/p>\n <\/p>\n More information on Rexel Canada (Nedco, Westburne, Rexel Atlantic and Rexel Utility):<\/strong>\u00a0https:\/\/rexel.ca<\/a>\u00a0+ Rexel Canada is a leading distributor of electrical products. We deliver quality products and high quality services. Our strategy of partnering with best in class suppliers ensures our customers have access to the best products available on the market.<\/p>\n Westburne\u2019s story began in 1926 when a gas boom in Turner\u00a0Valley, Alberta prompted a group of Calgary businessmen to form a small exploration company. This company, Ainsworth Oils Limited, later became Commonwealth Petroleum Ltd., which John Scrymgeour and his partner Bill Atkinson acquired in 1959. Mr. Scrymgeour was Chairman of the Board of\u00a0Westburne International Industries Ltd. and he later combined Commonwealth and General Petroleums of Canada, two of the oldest contract drilling firms in Canada, to launch the Westburne group of drilling companies.<\/p>\n With the future in mind, Westburne Oil Company Limited changed its name subsequently to United Westburne Industries Limited.<\/p>\n In 1971, United Westburne entered the Canadian electrical supply industry, and continued to expand through various acquisitions over the\u00a0years. Indeed, 1979 was a pivotal year for United Westburne in the electrical supply industry when it completed the acquisition of Nedco and Zentronics from\u00a0Northern Telecom.<\/p>\n These acquisitions established United Westburne as a major nationwide distributor of electrical, electronics and telecommunications products to the commercial and industrial market sectors. Commencing in 1986,\u00a0Westburne added refrigeration, air conditioning and ventilation supplies to its\u00a0product line through a series of acquisitions of Canadian companies involved in\u00a0these areas in Canada and the United States.<\/p>\n In 1995, United Westburne changed its name to Westburne Inc.\u00a0and continued to expand in Canada and the United States by completing various\u00a0acquisitions that added 81 branches to its existing network. In forty years,\u00a0Westburne has become the largest North American wholesaler and integrated\u00a0distributor of construction, industrial and commercial supplies.<\/p>\n On September 25, 2000 Rexel SA, a world leader in the\u00a0distribution of electrical supplies with a presence on 4 continents and in more\u00a0than 30 countries entered the Canadian market by completing the acquisition of\u00a0all the shares of Westburne Inc. Thus\u00a0Rexel Canada was born.<\/p>\n Recently, Rexel Canada acquired Wesco Utility and renamed it Rexel Utility. Rexel Utility is the distributor of choice for investor-owned utilities (IOUs), public power municipalities, rural electrification associations (REA\u2019s) and contractors seeking solutions for transmission, distribution and substation projects.<\/p>\n <\/p>\n <\/p>\n More information on Lineman\u2019s Testing Laboratories of Canada:<\/strong>\u00a0https:\/\/ltl.ca\/<\/a>\u00a0+ Lineman\u2019s Testing Laboratories (\u201cLTL\u201d) has been trusted since 1958 to deliver cost-effective and comprehensive solutions for power system reliability and sustainability. With the resources of a diversified and industry-experienced team, a commitment to providing service to our clients that is of a high industry standard, and our ability to pull from an extensive inventory of electrical apparatus (including Transformers and Switchgear), LTL is ideally suited to assist companies in effectively managing their electrical systems, ensuring the continued success of their business.<\/p>\n As a privately owned Canadian company serving the utility, industrial and commercial sectors across Canada, LTL successfully maintains a loyal customer base and is recognized and respected for its integrity, and long-term business relationships. LTL provides the services of three divisions:\u00a0Power Technical Services (Electrical Engineering & Substation Services)<\/a>;\u00a0LTL Utility Supply<\/a>; and,\u00a0NAIL-accredited High Voltage Testing, Calibration and Factory Authorized Tool and Equipment Repai<\/a>r Services.<\/p>\n Lineman\u2019s Testing Laboratories operates 2 branches and generated sales of c. CAD 25m in 2022.<\/p>\n More information on Robert Burgess (President, Lineman\u2019s Testing Laboratories of Canada):<\/strong>\u00a0https:\/\/ltl.ca\/about-us\/history.html<\/a>\u00a0+\u00a0https:\/\/www.linkedin.com\/in\/burgessrob\/<\/a><\/p>\n <\/p>\n More information on Roger Little (Group Executive Committee member and Chief Executive Officer of Rexel Canada):<\/strong>\u00a0See the full profile on EMR Executive Services +\u00a0https:\/\/www.linkedin.com\/in\/roger-little-b8856b18\/<\/a><\/p>\n <\/p>\n More information on Rexel Norway (Elektroskandia):<\/strong>\u00a0https:\/\/www.elektroskandia.no\/<\/a>\u00a0+ Committed partnership. Good marketplaces. We supply products and services to the e-works, industry and installation markets. Elektroskandia carries products from the best manufacturers in addition to the more affordable alternatives. Today’s markets require a wide range, competitive prices, 24-hour availability and efficient logistics. Customers seek binding partnerships and we can offer that.<\/p>\n More information on Jan Wilhelmsen (CEO, Rexel Norway (Elektroskandia)):<\/strong>\u00a0https:\/\/www.elektroskandia.no\/kontakt\/ledelsen\/<\/a>\u00a0+\u00a0https:\/\/www.linkedin.com\/in\/jan-wilhelmsen-12472198\/<\/a><\/p>\n More information on Kesko:<\/strong>\u00a0https:\/\/www.kesko.fi\/en\/<\/a>\u00a0+ Kesko is a Finnish listed trading sector company. Kesko operates in the grocery trade, the building and technical trade and the car trade. Its divisions and chains act in close cooperation with retailer entrepreneurs and other partners.<\/p>\n Kesko has\u00a0approximately 1,800 stores engaged in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania and Poland.<\/p>\n K – For shopping to be fun.<\/p>\n More information on Mikko Helander (CEO, Kesko):<\/strong>\u00a0https:\/\/www.kesko.fi\/en\/investor\/corporate-governance\/company-management\/<\/a>\u00a0+\u00a0https:\/\/www.linkedin.com\/in\/mikko-helander-8a6319146\/<\/a><\/p>\n<\/div>\n<\/div>\n [\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column][vc_column_text] 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, […]<\/p>\n","protected":false},"author":5,"featured_media":7868,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[71],"tags":[],"acf":{"select_date":null},"aioseo_notices":[],"yoast_head":"\n\n
\nA specialized, standalone business unit within Rexel, RES is a stocking distributor of energy efficient products and technologies from top tier manufacturers, and are continually vetting new and emerging technologies to assist our clients in providing comprehensive energy retrofits for their end user clients.\u00a0 \u00a0We continue to research new ways to further decrease the levels of greenhouse gases and expand our offering to help create a more sustainable future for generations to come.<\/li>\n\n
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