Wesco Int’l Divests Canadian Datacom Business to Guillevin
Following the similar sale of its Canadian utility business, the move was required to meet agreements as part of Wesco’s Anixter acquisition.
Following disclosure of the sale, Guillevin officially announced the creation of a new division — Guillevin Datacom — dedicated exclusively to network infrastructure products.
PITTSBURGH, Pa. — Electrical and industrial supplies distributor Wesco Int’l (NYSE: WCC) has sold its legacy Wesco Datacom business in Canada to Canadian distributor Guillevin Int’l for undisclosed terms.
The transaction fulfils Wesco’s commitment to divest its legacy Canadian Utility and Datacom businesses in connection with its Consent Agreement with the Canadian Competition Bureau related to its merger with Anixter Int’l, which closed in June 2020.
Following disclosure of the sale, Guillevin officially announced the creation of a new division — Guillevin Datacom — dedicated exclusively to network infrastructure products.
“We have targeted the WESCO business to launch our Datacom division because of the team’s agility, expertise and in-depth knowledge of products from the industry’s leading suppliers,” says Luc Rodier, Guillevin’s president and CEO. “This seasoned team will allow Guillevin to offer its clients a wide range of datacom solutions and to bid on leading projects in this attractive sector.”
Wesco on Feb. 2 said it had sold its utility business in Canada to Rexel Canada, a wholly owned subsidiary of France’s Rexel Group.
“We are pleased to complete this transaction and to satisfy the last divestiture requirement of our agreement with the Canadian Competition Bureau,” says John Engel, Wesco’s chairman, president and CEO. “This transaction is a highly successful outcome for Wesco. We will support our associates as they transition to Guillevin, and we wish them continued success. Wesco is committed to continuing to serve datacom customers in Canada, through the legacy business we acquired with Anixter.”
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
