Rexel Acquires Sofinther to Boost Multi-Energy Business
Rexel announced the acquisition of Sofinther, aimed at reinforcing the company's rapidly growing multi-energy segment and broadening its offerings. Financial terms of the deal were not disclosed.
Rexel, a global distributor of electrical products and services, has acquired Sofinther, a French company focused on multi-energy solutions. This move is intended to strengthen Rexel's position in the multi-energy sector, which is experiencing significant growth due to increasing electrification.
Sofinther specializes in energy sector solutions, including infrastructure for electric vehicle charging and renewable energy systems. Rexel stated that the acquisition will enhance its ability to provide comprehensive solutions to customers transitioning to diverse energy sources.
The financial details of the transaction have not been disclosed by Rexel. The company indicated that integrating Sofinther aligns with its strategic objective to expand its presence in the market for sustainable energy solutions and to extend its business activities into new areas.
Rexel operates globally in electrical distribution, serving over one million customers across construction, industrial, and energy markets. The company is actively pursuing growth in renewable energy and energy management solutions.