Paris, France, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Rexel, a global leader in the professional distribution of products and services for the energy world, announces the acquisition of Sofinther, a distribution company specializing in thermal, heating and control solutions.
This acquisition reinforces Rexel's multi-energy expertise in France, which the Group has been developing since 2012 to complement its electrical solutions offer. Rexel entered this segment in response to the growing convergence between electrical and thermal markets, which contributes to improving the energy performance of buildings. In addition to strengthening its multi-energy offer, the acquisition of Sofinther will help Rexel grow its presence in thermal control and regulation, as well as in the connected devices markets. It will also contribute to building closer relationships with customers in the collective housing, commercial buildings and industrial sectors.
In 2014, Sofinther posted sales of €106 m. This acquisition will allow Rexel to more than double its multi-energy sales in France, which have recorded double-digit growth since the launch of this business in 2012. The acquisition remains subject to the approval of relevant authorities and should be completed by the beginning of 2016.
Based in Nantes in North-West France, Sofinther has 206 employees and 24 branches spread across the country. The company addresses the collective housing, commercial buildings and industrial sectors.
Rexel in France
Rexel is a major distributor of electrical products and services in France. With some 450 branches and 10 distribution centers Rexel France contributed €2.4 bn in consolidated sales to the Group's turnover in 2014.
ABOUT REXEL GROUP
Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its customers to be at their best in running their business, by providing a broad range of sustainable and innovative products, services and solutions in the field of technical supply, automation and energy management. Rexel operates through a network of some 2,100 branches in 35 countries, with c. 28,000 employees. The Group's sales were €13.1 billion in 2014.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices: DJSI Europe, FTSE4Good Europe & Global, EURO STOXX Sustainability, Euronext Vigeo Europe 120 and ESI Excellence Europe. Finally, Rexel is included on the Ethibel EXCELLENCE Investment Register in recognition of its performance in corporate social responsibility (CSR). For more information, visit Rexel's web site at www.rexel.com
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Rexel reinforces its multi-energy business http://hugin.info/143564/R/1958608/713737.pdf