MAYER acquired by REXEL

Rexel entered into a definitive agreement to acquire Mayer in a strategic move to significantly enhance its presence in the United States. The transaction is a key component of Rexel's growth strategy, which prioritizes strengthening its footprint in the North American market, the world's largest for electrical distribution. The acquisition was presented as being fully aligned with the objectives announced during Rexel's Capital Markets Day, signaling a return to bolt-on acquisitions in core markets. The combination is considered highly synergistic from a geographic perspective. Mayer's established network across the Southeast and Mid-Atlantic regions, including several high-growth states, is highly complementary to Rexel's existing operations, which is expected to enable a smooth integration process. For Rexel, the deal expands its market share and strengthens relationships with key suppliers in the region. For Mayer, becoming part of the Rexel group is expected to provide access to a broader suite of digital tools and platforms, designed to accelerate its digital sales capabilities, develop new service offerings, and improve overall operational efficiency. The acquisition was structured to be accretive to Rexel's earnings per share from the first year and value-creative from the second year forward, driven by anticipated synergies.