Rexel continues its growth in China by acquiring Wuhan Rockcenter Automation
Rexel, a global leader in the distribution of electrical supplies, announces the acquisition of Wuhan Rockcenter Automation’s assets, further strengthening the Group’s footprint in China.
This acquisition, which will be accretive from the first year, is part of Rexel’s external growth strategy, which aims notably at expanding the Group’s presence in emerging countries.
Founded in 2004 and based in Wuhan, the capital of the highly industrialized Hubei province and most heavily-populated city in central China, Wuhan Rockcenter Automation posted sales in 2010 of c. €10 million. The company operates through one central warehouse and 3 branches and employs 57 people. It mainly addresses major industrial companies from the metal and power sectors.