Hagemeyer

Hagemeyer is a business-to-business (B2B) distribution services group focusing on the markets for electrical materials, safety and other maintenance, repair and operations (MRO) products in Europe, North America and Asia-Pacific. It was based in the Netherlands and acquired by French rival Rexel in 2008, with its units in certain countries subsequently being divested to Sonepar. Following the purchase, the Hagemeyer brand disappeared in some countries but remained in others.

For people with the surname, see Hagemeyer (surname).
HAGEMEYER Deutschland GmbH & Co. KG
IndustryDistribution and services
PredecessorN.V. Borneo Sumatra Maatschappij Edit this on Wikidata
Founded1905[1]
FateAcquired by Rexel
SuccessorUnits divided between Rexel and Sonepar
HeadquartersMunich, Germany
Key people
Stephan Strauss, Tabea Götz[2]
RevenueIncrease €826 million (2016)
Number of employees
1,700 (2016)
ParentRexel
Websitewww.hagemeyerce.com

History

In January 2004, Hagemeyer sold Elektro Fröschl electronic, its wholesale division, to Media-Saturn, thus reinforcing its focus on retail.[3]

On 23 November 2007, the board of Hagemeyer agreed to a €3.1 billion takeover offer from larger French rival Rexel.[4] Upon completion of the bid, some of Hagemeyer's units were then sold on to Sonepar, a privately held French company in the same sector. Sonepar had previously had its own lower bid for Hagemeyer rejected.[5] Hagemeyer was removed from the AEX index on 7 March 2008 as Rexel declared its offer unconditional. Delisting of the firm's shares from the Amsterdam Stock Exchange took place on 21 April.[6][7]

In 2010, Hagemeyer North America gets accredited to distribute its products to the aerospace industry.[8]

Acquisition and split

Following the 2007 acquisition by Rexel, the international branches of Hagemeyer became :

Controlled by Rexel
Controlled by Sonepar

Activity

More than 90% of Hagemeyer's total revenue was generated by its core Professional Products and Services (PPS) business, which focused on the value-added business-to-business distribution of electrical parts and supplies, safety goods (such as hard hats and work boots) and other MRO products in some 25 countries across Europe, North America and Asia-Pacific. The remaining part of Hagemeyer's revenues was realised by its Agencies/Consumer Electronics (ACE) business, which distributes consumer electronics and branded products in the Netherlands and Australia and luxury goods in a number of countries in Asia.

In Australia, Hagemeyer was the principal distributor and marketer of home appliance and lifestyle brands such as Omega, Blanco, & De Dietrich cooking appliances along with Omega Altise seasonal products. Shriro Australia acquired Hagemeyer Brands Australia in 2011.

References
  1. "Hagemeyer key facts and figures". hagemeyerce.com (in German). 13 July 2017. Archived from the original on 2016-11-17. Retrieved 2017-07-13.
  2. "Hagemeyer Impressum". hagemeyerce.com (in German). 13 July 2017. Archived from the original on 2017-07-04. Retrieved 2017-07-13.
  3. "Media-Saturn übernimmt acht Filialen von Elektro Fröschl". Digitalfernsehen.de (in German). 14 January 2004. Retrieved 2016-06-23.
  4. Gilbert Kreijger (12 November 2007). "Rexel, Sonepar offer $4.6 bln to break up Hagemeyer". Reuters.com. Retrieved 2016-06-17.
  5. ten Wolde, Harro (23 November 2007). "Hagemeyer agrees on Rexel 3.1 billion euro offer". Reuters. Archived from the original on 27 December 2007. Retrieved 2007-11-23.
  6. "Hagemeyer to be removed from AEX index after close of markets today". AFX News. CNNMoney.com. 7 March 2008. Retrieved 2008-03-18.
  7. Michelson, Marcel (7 March 2008). "France's Rexel clinches bid for Dutch Hagemeyer". Reuters. Retrieved 2008-03-18.
  8. "Hagemeyer North America Earns Aerospace Certification". Businesswire.com. 17 February 2010. Retrieved 2016-06-23.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.