Belgium-based electrical distributor and Sonepar Group member Cebeo has acquired Electro Meers, a distributor of electro-technical material also based in Belgium.
Financial terms were not announced. The deal is expected to take effect April 1.
Electro Meers accounts for an annual turnover of approximately €5 million (USD $5.658 million). The four associates of Electro Meers will be joining Cebeo.
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With this acquisition, Cebeo is expected to expand its presence in the province of Limburg to six branches.
The company boasts a turnover of €608 million (USD $688.1 million), 1100 employees and 55 branches.
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