Künzelsau,
11
February
2021
|
11:26
Europe/Amsterdam

Würth Electrical Wholesale strengthens position in Poland by acquiring Kaczmarek Elektric S.A.

Summary

Würth’s Electrical Wholesale Group (W.EG) boosts its leading position in Poland with the help of a strategic partnership with Kaczmarek Electric S.A (Kaczmarek). On 14 January 2021, W.EG signed the purchase agreement with Kaczmarek Electric.

The transaction will consist of two principal elements: Würth Electrical Wholesale Group Polska S.A. (W.EG Polska) will take on all shares of Kaczmarek Electric S.A.. In return, Cezary Kaczmarek, Managing Director of Kaczmarek, will receive 40 percent of the shares of W.EG Polska and join the board of W.EG Polska.

Based on our perception of W.EG Polska, their corporate and business culture, the attractive possibilities of combining our companies and also the support granted by the Würth Group, we came to the conclusion that this partnership model suits our business and also my personal strategic ambitions best. It will be our objective to become the leading player on the Polish electrical wholesaling market, retain this position and offer our customers top-notch products and services
Cezary Kaczmarek, Managing Director of Kaczmarek

This acquisition supports W.EG’s growth strategy, helps to get faster access to new markets and strengthens Würth’s presence in Poland.

The companies benefit from the possibility to use central resources and being able to launch cooperations any time this seems advantageous. We are looking forward to continuing the successful growth strategy opted for by the management of Kaczmarek and welcoming all employees to the Würth Group.
Ulrich Liedtke, Executive Vice President responsible for Würth Electrical Wholesale

Once the antitrust authorities have given their consent, W.EG Polska will be active on the Polish market with three independent sales organizations: Enexon Polska Sp. z o. o. (Enexon), Fega Poland Sp. z o. o. (Fega) and Kaczmarek.

About Kaczmarek Electric S.A.

The Kaczmarek company established in 1997 and located in Wolsztyn is one of Poland’s leading electrical wholesale businesses. The company’s range of products and services is mainly geared towards small and medium-sized electrical installers and industrial enterprises. In the business year 2020, Kaczmarek generated preliminary sales of roughly EUR 117 million with 561 employees (311 corporate staff and 250 commercial agents).

About Würth Electrical Wholesale Group

Würth Electrical Wholesale Group has been servicing the Polish market since 1996. Since 2016, W.EG Polska has been operating as holding company and infrastructure supplier to the two operative businesses Enexon and Fega. W.EG Polska has more than 300 employees on the payroll and generated sales of more than EUR 80 million in 2020.

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 2020, Würth Electrical Wholesale pulled in sales of EUR 2.1 billion and reported total growth of 12.9 percent over the previous year according to the preliminary annual financial statements. This corresponds to roughly 15 percent of the Würth Group’s total sales volume.

About the Würth Group

The Würth Group is the global market leader in its core business—the sale of fastening and assembly materials. It consists of more than 400 companies in over 80 countries with more than 79,000 employees on its payroll. Approximately 33,000 of those employees are salaried sales representatives. According to the preliminary annual financial statement, the Würth Group generated EUR 14.4 billion in sales in fiscal year 2021.

In the Group's core business, the Würth Line, the sales program for the skilled trades and industry comprises more than 125,000 products: from screws, screw accessories and anchors to tools, technical chemicals and personal protective equipment. The Allied Companies round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards and financial services. They account for around 40 percent of the Würth Group’s sales volume.