Categories: LATEST NEWS

WÜRTH ELECTRICAL WHOLESALE STRENGTHENS ITS POSITION IN CENTRAL EUROPE

Künzelsau. The Würth Group strengthens and expands its Electrical Wholesale Unit (W.EG). With today’s takeover of Rexel’s operations in the Baltics, Poland and Slovakia, W.EG further expands its market position in Central Europe. With 520 employees working at over 60 subsidiaries in these countries, the company generated sales of EUR 146 million in 2014.

After an acquisition in the Czech Republic and the expansion to the Italian market within the framework of a strategic partnership, this is already the third expansion of W.EG’s business activities in the past twelve months. The current transaction strengthens the position of Würth’s Electrical Wholesale Unit, which is already operating in eight European markets. The Electrical Wholesale Unit of the Würth Group is one of the leading wholesalers on the European mainland. In 2014, the Electrical Wholesale Unit reported a sales volume of one billion euros for the first time in the company’s history. Preliminary figures for 2015 indicate above-average organic growth in the existing business units which brings sales including acquisitions close to EUR 1.2 billion. This corresponds to approximately ten percent of the total sales volume generated in the Würth Group.

Liat

Recent Posts

60W DOE Level VII ready IP42-sealed wall-mount adapters for medical, home healthcare, and industrial applications

XP Power introduces the AMF60 series of 60W wall-mount AC-DC power supplies for medical, home…

2 days ago

ROHM launches an Ultra-Compact Wireless Power Chipset for Wearables

ROHM has developed a wireless power supply IC chipset consisting of the receiver - ML7670 -…

2 days ago

Microchip Expands its Family of Post-Quantum Ready Root of Trust Controllers for Next Generation Systems

Platform Root of Trust and secure boot controllers help system architects prepare for emerging mandates…

2 days ago

AU10TIX Advances Privacy-First Approach to Age Assurance as Regulatory Pressure Increases

AU10TIX, a global leader in identity verification and fraud prevention, is further advancing its privacy-first approach to age…

2 days ago

New Samtec SMA Interconnects Capable of 26.5 GHz

Samtec, Inc. announces availability of 26.5 GHz SMA interconnects supporting test & measurement, military, aerospace…

2 days ago

Tower Semiconductor and Axiro Semiconductor Deliver High-Power, High-Efficiency SiGe ICs for Secure U.S. Defense Applications

Leveraging Tower's advanced SiGe technology, these U.S.-fabricated Beamforming ICs achieve superior performance, and strengthen secure…

3 days ago