en.Wedoany.com Reported - France's Rexel recently announced that it has reached an agreement to acquire Revere Electrical Supply, an industrial automation supplier located in the suburbs of Chicago, USA. Rexel officials stated that Revere, headquartered in Mokena, Illinois, is a distributor of Rockwell Automation solutions and a "recognized industrial automation enterprise." The company operates 10 branches in northern Illinois and southern Wisconsin, with revenue of approximately $330 million last year.

The financial terms of the proposed transaction were not disclosed, but Rexel indicated that this will be its second-largest acquisition among the 16 acquisitions made in North America since 2020. "This transaction significantly expands Rexel's footprint in the important Midwest market and strengthens Rexel's strong position in the North American industrial automation sector, a vertical that benefits from multiple megatrends," company officials said in Rexel's announcement regarding the deal. France's Rexel, through its North American business unit, is acquiring Revere Electrical Supply, which will help Rexel further expand its Midwest market network. As a distributor of Rockwell Automation solutions, Revere Electrical Supply's annual revenue of approximately $330 million makes this transaction one of Rexel's significant acquisitions in North America in recent years.

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