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15 November 2011

Two bolt-on acquisitions in Peru and in France

Rexel has just entered the Peruvian market by acquiring the company V&F Tecnologia, which distributes electrical supplies in Lima. The Peruvian market offers solid growth, with the construction and mining sectors as key drivers. Rexel already has a sales presence in Peru through its subsidiary IPG and provides electrical supplies for the expansion of the Tintaya-Antapaccay copper mine. This acquisition aims at further expanding Rexel’s presence in fast-growing markets and reinforces its footprint in Latin America.

In September, Rexel acquired a 70% stake in Inoveha, a French company specialized in energy audits, thermal evaluations and software development related to energy efficiency. This acquisition allows Inoveha to move from being a regional player to a national one and strengthens Rexel’s offer of value-added services related to energy efficiency for contractors and end-users. Rexel will also increase its commercial differentiation by offering integrated energy services and reinforce its capacity to seize opportunities linked to future developments in the French regulatory environment.