|
|
Latest Scoop
ABB’s Blockbuster
Acquisition of T&B Opens Up Markets for Both Companies
The electrical market is still buzzing from ABB’s
announcement last week that it would acquire Thomas & Betts Corp.,
Memphis, Tenn., for $3.9 billion. The move will expand its reach deep
into the North American electrical market and help T&B market its
products more broadly overseas.
Rexel
Acquisitions in Canada and Brazil Give it Even More Clout in Key
Markets
Rexel International, Paris, made three headline
acquisitions over the past two weeks in markets it has targeted for
expansion. Rexel acquired Liteco in Canada’s maritime provinces and
Delamano and Etil, two Brazilian distributors.
Cooper’s
Hachigian Speaks at NEMRA
Attendees at the general session of last week’s annual
conference of the National Electrical Manufacturers Representatives
Association (NEMRA), in San Diego, were treated to an intriguing
industry overview by Kirk Hachigian, chairman, president and CEO, Cooper
Industries, Houston.
Dakota
Supply Acquires W.A. Roosevelt
Dakota Supply Group (DSG), Fargo, N.D., has acquired
Wisconsin-based W.A. Roosevelt, a distributor of plumbing, electrical
and HVAC products.
Siemens
Goes for Growth in Plant-Floor Networking with Deal for
RuggedCom
Siemens has an agreement with RuggedCom Inc., Concord,
Ontario, to acquire all of the common shares of RuggedCom by way of a
friendly, board-supported takeover bid. The Canadian company is a
provider of communications and networking solutions for harsh industrial
environments.
Schneider
Electric Signs 10 Independent Reps to Sell Control and Automation
Products
Schneider Electric’s recent decision to sell a basket
of motion, drives, control and signaling products through 10 U.S.-based
independent manufacturers representatives signals a departure from its
typical sales strategy because the company most often uses factory
salespeople to market its broad basket of electrical, control and
automation products.
People On The Move
People
Heyse steps down as WESCO CFO; Ramsey steps up at
Schneider, and more....
Rep
News
GEM Award winners and some vendor rep awards.
On The Wire
Cooper
Industries buys Canadian lighting controls company
Cooper Industries, Houston, has acquired Fifth Light
Technology Ltd., a privately owned lighting controls company based in
Oakville, Ontario.
AD
announces 2011 sales results
Affiliated Distributors (AD), Wayne, Pa., released its
Electrical Divisions’ year-end results with U.S. sales having grown
19% to $11.2 billion.
Platt
Electric Supply to open six new branch locations
Platt Electric Supply, Beaverton, Ore., has six new
locations under construction.
|
|
You are subscribed to this newsletter as `email`
Penton Media | 249 W. 17th Street | New York, NY 10011
Copyright 2011, Penton Media. All rights reserved. This article is
protected by United States copyright and other intellectual property
laws and may not be reproduced, rewritten, distributed, re-disseminated,
transmitted,
displayed, published or broadcast, directly or indirectly, in any medium
without the prior written permission of Penton Media.
|
|
