Rexel, a French distributor of electrical supplies, announced last Thursday the acquisition of Cordia, a French company specialising in fire security products and solutions.
Cordia, headquartered in the Paris region, posted sales of €12 million in 2015 and double-digit profitability. The company employs about 40 employees. The amount of the transaction has not been revealed.
This acquisition will lead to an increase in the earnings per share “within the next 24 months”, said Rexel’s CEO, Rudy Provoost, during a conference call.