Paris-based Rexel, a company that specialises in the distribution of electrical, heating, lighting, and plumbing equipment, announced on Tuesday, May 30, that it has acquired Wasco, a distributor of HVAC products and services in Twello, the Netherlands.
Guillaume Texier, CEO of Rexel, says, “With the acquisition of Wasco, we are totally in line with our strategy aimed at seizing electrification and energy transition opportunities.”
With a strong presence in the Dutch HVAC market, Wasco has experienced double-digit growth driven by the country’s energy transition and the increasing demand for electrical heat pumps.
This acquisition will enable Rexel to tap into the thriving energy transition markets and leverage cross-selling opportunities.