Global Opportunities Spur Acquisitions

Offshore oil and gas in Southeast Asia is inciting some enthusiasm among global electrical distributors. Particularly among the industry’s two Parisian behemoths. Sonepar and Rexel both made significant acquisitions in the region over the past few weeks.

Sonepar SA, Paris, acquired Oakwell Distribution, the former distribution arm of Oakwell Engineering Ltd., effective Oct.  31. Sonepar said in a press release that Oakwell is a leader in the supply of electrical, mechanical

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TAGS: M&A Watch
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