Acquisition of Quality Trading in Thailand,
The acquisition of Quality Trading will allow Rexel to become the number three player in one of the most attractive markets in Asia. Based in Bangkok, Quality Trading is one of the largest electrical distributors in the fast growing Thai market. With 5 branches spread throughout Thailand, Quality Trading mainly addresses the industrial and commercial endmarkets with a strong focus on OEM, MRO and Lighting. Quality Trading generated sales of c. 35 million euros in the last fiscal year. The transaction, subject to customary conditions, should close on November 29.
Acquisition of Esabora in France
The acquisition of Esabora in France is helping Rexel to accelerate the development of value-added digital solutions. Esabora is a French company editing advanced software tools for electrical contractors and installers. This acquisition will provide Rexel’s customer base with innovative solutions to accelerate growth in Energy Efficicency and Building Automation. Esabora complements the 2011 acquisition of Inoveha and will contribute to the creation of a digital platform accelerating Rexel’s transformation from a product distributor to a solution provider. Esabora generated sales of c. 2 million euros in the last fiscal year. The transaction, subject to customary conditions, should close in January.
Third Acquisition: Lenn International
Following the two bolt-on acquisitions unveiled in its Investor Day press release, Rexel also announced a third bolt-on acquisition: Lenn International. Based in Singapore, Lenn International is a wire and cable distributor focused on the offshore Oil & Gas market with customers across South-East Asia. Lenn International generated sales of c.20 million euros in the last fiscal year. This acquisition enhances Rexel's offer in the Oil and Gas vertical segment, one of its strategic high-growth initiatives, and strengthens its presence in Asia, in line with its external growth strategy, which aims notably at expanding the Group's presence in developing markets.