Rexel wants to take over Hagemeyer

Yesterday Rexel published a press release to the effect that they want to take over Hagemeyer for EUR 4,60 per share, corresponding to a company value of EUR 3 bn.

Rexel has already agreed with Sonepar that in case of a successful takeover of Hagemeyer, Sonepar can aquire Hagemeyer’s activities in America, the Asia/Pacific Rim and some European Countries ( Austria, Switzerland, Sweden).

The other countries will go to Rexel, along with Hagemeyer’s electronic and agency activities.
The countries would be: the Baltic States, Belgium, Netherlands, Finland, Norway, Russia, Poland, Slovakia, Czech Republic, Germany, United Kingdom, Ireland and Spain.

The deal would be 100% leveraged.

Thereupon Hagemeyer published a press release to the effect that they had received an unsolicited offer from Rexel and would consider their next steps.

More on the topic in our next newsletter “electrical business news”

EMR Euro Marketing + Research
Boschstr.32
D - 71336 Waiblingen
Tel: +49-7151-379149
Fax: +49-7151-370140
E-Mail: info@emr-online.de

EMR Euro Marketing + Research specialises in supplying services tailored to the needs of the international electrical industry.

The survey »Structures and interrelationships in the international electrical wholesale industry«, which appeared for the first time in 1995, has brought EMR widespread international recognition. Besides the European survey, the latest features available are investigations of the electrical wholesale trade in Canada, Australia, New Zealand and South Africa. The EMR surveys are referred to and quoted in countless publications on the subject of the internationalisation of the electrical wholesale trade. Furthermore, the EMR surveys have also for some considerable time been standard works of reference at a large number of well-known companies at home and abroad when it comes to sales planning and key-account management.

A new milestone was reached for the electrical industry in 1999.»electrical business news – focus on the international electrical industry« appeared, the very first trade newsletter especially about and specifically for the international electrical industry – an indispensable aid in the hard competition for markets and market shares. Every 3 weeks there are reports about takeovers, trends, business indices, indicators for the industry and turnover figures, strategies of manufacturers and wholesalers in Europe and overseas, in a choice of German or English language versions.

For many years now EMR has specialised on analysis, business transactions and strategy consulting in the world wide electrical industry. As a result we have developed a range of services which make it easier for all those involved with the industry in any way (manufacturers, wholesalers and institutions) to establish themselves in international business or improve their presence. The cornerstones of this new service, »EMR – Connecting Businesses«, are strategy consulting, market analysis and business partner search.

This release was published on openPR.