Rexel’s Winning Bid For Hagemeyer Includes Sale Of U.S. Branches To Sonepar

After rejecting unsolicited bids from two of the world’s largest electrical distributors, Netherlands-based Hagemeyer agreed to a sweetened $4.55 billion buyout by Rexel, Paris.

Rexel and Hagemeyer said in a statement they would enter exclusive negotiations to discuss selling Hagemeyer’s American, Asian-Pacific and certain European businesses to Paris-based Sonepar. More than half of the sales Sonepar would get from Hagemeyer’s businesses are in North America.

Hagemeyer North

All access premium subscription

Only Electrical Marketing newsletter subscribers have access to premium content.

Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.

Sign up for the Electrical Marketing newsletter to get access.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.