Aquin Advises:

On The Acquisition Of:

Aquin Advises:

On The Acquisition Of:

Key Terms

> With effect from May 3, 2011, Hagemeyer Deutschland GmbH & Co. KG, a leading wholesaler of electronical goods and equipment, acquired TEGRO Technische Elektro-Großhandels GmbH, a distributor of electrical products from the owner family.
> Aquin acted as the M&A advisor to Rexel SA, parent company of Hagemeyer.

Strategic Logic

> With the acquisition, Rexel will strengthen its local market presence in North Rhine-Westphalia, a region with strong potential, and increase its exposure to the industrial end-market, as 80% of the newly acquired company’s sales come from industrial companies.


> TEGRO Technische Elektro-Großhandels GmbH, based in Freudenberg (Germany), distributes electrical products.
> TEGRO employs about 26 people and generated revenues of 10 million euros in 2010.


> Hagemeyer Deutschland GmbH & Co. KG operates as a wholesaler of electrical goods and equipment in the segments of electrical installation, illumination, domestic engineering, electric appliances, data- and network technology as well as telecommunication.
> The company was formerly known as ETG Fröschl GmbH & Co. KG and was founded in 1920. Hagemeyer is based in Munich (Germany) and operates as a subsidiary of Rexel SA.


> Rexel is a global leader in the distribution of electrical supplies. The Group operates in 37 countries, with a network of some 2,100 branches, and employs over 28,000 people.
> Rexel`s sales were 12.7 billion euros in 2011.

Share transaction