China: acquisition of Shanghai Maxqueen
Rexel enters the datacenter market in China and strengthens its building automation value proposition with the acquisition of Shanghai Maxqueen
Rexel announces the acquisition of 60% of the share capital of Shanghai Maxqueen, a leading distributor of building automation systems and related added value services in China. With its commercial offer based on data communication/cabling solutions, power management and cooling system, Maxqueen mainly targets the banking, public and commercial building end markets.
The company, with its headquarters based in Shanghai, has over 130 employees, 7 sales outlets and 4 storage facilities. Last year, it had a turnover of approximately 20 million euros.
This acquisition further strengthens Rexel China’s expertise in high value-added services, following the acquisition announced in July 2014 of 55% of the shares of Beijing Ouneng, an electrical supply distributor addressing automation companies in Northern China.