Hagemeyer, Naarden, the Netherlands, bought BREVA, an electrical wholesaler and distributor of MRO products in Zonhoven, Belgium. About 70 percent of BREVA’s sales go to industrial customers.
The acquisition provides the Hagemeyer Group with an entry into the Belgian market and will allow Hagemeyer to serve the Belgian subsidiaries of its large global industrial customers.
The acquisition has been financed by drawing on Hagemeyer’s existing credit facilities.
Hagemeyer had revenues of about $6 billion in the first nine months of 2006.