Pressmeddelande -
Rexel continues its active portfolio management with two acquisitions and a disposal
Press Release January 30, 2023
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.
recognized industrial automation player and authorized reseller of Rockwell automation solutions, Buckles Smith
reinforces Rexel’s 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.
The acquisition of Lineman’s Testing Laboratories in Canada was signed and closed on January 17, 2023. This
company expands Rexel Canada’s footprint in the attractive utility market with a set of services, products and
solutions that will be a valuable complement to Rexel’s portfolio. Lineman’s Testing Laboratories operates 2
branches and generated sales of c. CAD 25m in 2022.
Rexel also announces the signing of the divestment of its operations in Norway to Kesko on January 27, 2023.
Rexel’s activities in Norway, generating sales of approximately €250m 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’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.
Since January 1, 2021, through 10 transactions including those announced today, Rexel has acquired c. €1.5bn
of sales and divested c. €0.5bn of sales, materially enhancing the Group’s growth and profitability profile and
reinforcing its capabilities to address the challenges and opportunities of the energy transition and electrification
trends.
CONTACTS
FINANCIAL ANALYSTS / INVESTORS
Ludovic DEBAILLEUX +33 1 42 85 76 12 ludovic.debailleux@rexel.com
PRESS
Brunswick: Thomas KAMM +33 1 53 96 83 92 tkamm@brunswickgroup.com
Ämnen
Rexel är marknadsledande energiteknikdistributör som erbjuder material för elförsörjning i alla typer av byggnader, såväl inom tung industri och kraftbolag som i kommersiella fastigheter och helt vanliga svenska hem. Rexel driver utvecklingen i sin bransch mot ett energieffektivt och fossilfritt Sverige med teknik och tjänster inom till exempel energieffektivisering, solceller och elbilsladdning. Genom sin butikskedja servar de hela Sveriges elinstallatörer. Flera av butikerna erbjuder dygnet-runt-öppet 24/7.
