Feb 2, 2021
Rexel announced it has acquired the Canadian Utility business of WESCO International (WESCO Canada Utility). WESCO International had sought to sell the business in connection with its Consent Agreement with the Competition Bureau of Canada regarding its merger with Anixter International, which closed in June 2020.
The acquisition of WESCO Canada Utility will provide Rexel with enhanced development opportunities in an attractive and resilient business. It also allows Rexel to offer a complementary range of products to its existing utility contractor customer base and to further expand its footprint in the country.
WESCO Canada Utility supports public power utility producers and utility contractors in Canada, where hydroelectricity accounts for more than 60% of electricity generation and more than two-thirds comes from green energy. The business operates four branches in Canada with approximately 60 employees and sales over $70M. The range of products (pole line hardware, cable accessories, connectors, and transformers) is largely used for maintenance and upgrade activities.
Roger Little, Group Executive Committee member and Chief Executive Officer of Rexel Canada, declared: “I am pleased that WESCO Canada Utility’s team and competencies will join our Group. This is a unique opportunity for Rexel to accelerate its development in Canada in the attractive and green hydro utility business and to increase its recurring service revenues.”
Patrick Berard, Chief Executive Officer of Rexel, commented: “This transaction demonstrates our intention to resume our acquisition strategy, now that the group is back on sound footing and has reduced its leverage. The ambition is to acquire businesses that are complementary to our activity and can create further value for our stakeholders.”
ABB Robotics is driving automation in the construction industry with new robotic automation solutions to address key challenges, including the need for more affordable and environmentally friendly housing and to reduce the environmental impact of construction, amidst a labor and skills shortage.
Robotic automation offers huge potential to enhance productivity, efficiency and manufacturing flexibility throughout the construction industry, including automating the fabrication of modular homes and building components off-site, robotic welding and material handling on building sites and robot 3D printing of houses and customized structures.
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Have you ever been called to fix the work of a 'handyman'?
"Was supposedly done by a"certified ' electrician....told the homeowner that he got a $266 permit....no record at TSBC. Can you count the deficiencies?"
"There is a second panel change in the triplex also.......even more deficiencies. Think the guy was a glorified handyman. Ones not obvious: 240 BB heat hooked up 120....drier on 2p20....range on 2p50....water heater fed with 2c14 Bx on 2p15."
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Harnessing Canada’s immense clean energy resources requires transformational investments to modernize our electricity grid. The Government of Canada is investing in renewable energy and upgrading the electricity grid to make clean, affordable electricity options more accessible in communities across Canada.
The Honourable Seamus O’Regan Jr., Minister of Natural Resources, today launched a $964-million program to support smart renewable energy and grid modernization projects that will lower emissions by investing in clean energy technologies, like wind, solar, storage, hydro, geothermal and tidal.
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