Künzelsau,
18
January
2024
|
11:13
Europe/Amsterdam

Würth Electrical Wholesale Group expands into Western Italy via strategic partnership with IDG01

Summary

The Würth Electrical Wholesale Group (W.EG) expands its presence in Italy by agreeing on a strategic partnership with IDG01 S.p.A., the leading electrical wholesaler in Piedmont, headquartered in Turin. The partnership is based on W.EG acquiring a majority interest in IDG01 S.p.A.. The key element of this partnership is the continuation of the current management team in their respective functions and the operational independence of the company. The proposed transaction is subject to agreement of the antitrust authorities.

In February 2015, the Würth Electrical Wholesale Group entered the Italian market with the formation of a strategic cooperation with MEF s.r.l, headquartered in Florence. In July 2018, MEB s.r.l., based in Schio, joined W.EG Italia, adding a strong footprint in the Triveneto area. Thanks to the engagement of the entire team, continuous investments and a consistent long term growth strategy, sales have more than doubled and the number of employees has significantly grown since the start of the cooperation.

Ulrich Liedtke, Executive Vice President of W.EG and responsible for the business in eight European countries, explains: “Thanks to the success stories of MEF and MEB we are confident to further expand our market share in the central and northeastern part of Italy. However, it was obvious that we would greatly benefit from a strong addition in the northwest. We are very pleased that we were able to convince IDG01 to join our group. In Piedmont, we are gaining a strong position in a region which we were previously not represented in and are expanding our growth opportunities in Lombardy and Liguria. As with MEF and MEB before, IDG01 will become an independent, yet co-operating company within the Würth Electrical Wholesale network.”

Paolo Caraglio, CEO and Chairman of IDG01, underlines: “Looking at development opportunities for our company, I am convinced that the partnership with the Würth Group provides the best option. This will enable IDG01 to continue its growth strategy and benefit from central resources while maintaining its integrity and offering its employees a good perspective for the future.”

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About IDG01 S.p.A..
The company was founded in Turin, Piedmont in 1980 and achieved a sales volume of EUR 285 million in 2023. It employs more than 580 individuals and operates out of 41 outlets. The product range consists mainly of lighting, building automation, low voltage power distribution and controls, renewable energy, cables and a broad portfolio of industrial automation products. The product offering is complemented by excellent customer support and other services. IDG01 S.p.A. is a highly respected and leading company in its markets. It serves more than 15,500 active customers with electrical installers representing the biggest group.

About the Würth Electrical Wholesale Group
The Electrical Wholesale Unit of the Würth Group is one of the leading electrical wholesalers on the European mainland. Ulrich Liedtke and Uwe Schaffitzel, Executive Vice Presidents of the Würth Group, are responsible for this business unit. In 2023, Würth Electrical Wholesale pulled in sales of EUR 3,8 billion and reported total growth of 10.0 percent over the previous year. This corresponds to roughly 18.5 percent of the Würth Group’s total sales volume.

About the Würth Group
The Würth Group is the global market leader in the development, production and sale of assembly and fastening materials. Other trading and production companies, known as the Allied Companies, operate in related business areas, ranging from electrical wholesale and electronics to financial services. The Group currently employs more than 87,000 employees in over 400 companies with more than 2,700 pick-up shops across 80 countries. The Group achieved sales of EUR 20.4 billion in the 2023 fiscal year. With over 7,900 employees, Adolf Würth GmbH & Co. KG in Künzelsau is the largest single company in the Würth Group.

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