Wesco International to buy Canadian rival EECOL Electric for $1.16 billion

18 Oct 2012

1

US electrical products distribution and services company Wesco International Inc yesterday said that it will buy its Canadian rival EECOL Electric Corp for about C$1.14 billion ($1.16 billion) in order to expand in South America.

Founded in 1919, EECOL Electric is one of Canada's leading full-line distributors of electrical equipment, products, and services with approximately $900 million in annual sales.

The Alberta, Calgary-based company has more than 20,000 customers, and operates in 57 locations across Canada, 20 in South America, including Chile, Argentina, Peru, and Ecuador.

EECOL has a strong warehouse-based business focused on serving industrial, oil, gas, mining, utility, and commercial and residential construction customers.

A Fortune 500 company, Pittsburgh, Pennsylvania-based Wesco is a leading provider of electrical, industrial, and communications maintenance, repair and operating and original equipment manufacturers products, construction materials, and advanced supply chain management and logistics services.

The company employs approximately 7,500 people, has more than 18,000 suppliers, and has around 65,000 customers worldwide. Customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers and utilities.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more