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 acquisition 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.
About the Würth Group
The Würth Group is the world's market leader in its core business, the trade in assembly and fastening materials. It currently consists of more than 400 companies in over 80 countries with roughly 69,000 employees on its payroll. Around 31,000 employees are permanently employed sales representatives.
In the Group's core business, the Würth Line, the sales program for the trades and industry comprises 125,000 products: from screws, screw accessories and anchors, to tools, chemical-technical products and personal protective equipment.
The Allied Companies of the Würth Group, which either operate in business areas related to the core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components such as circuit boards as well as financial services. They generate approximately 40 percent of the Würth Group’s sales volume.