WESCO International, Inc. (WCC: Quote) said Friday that, through a wholly owned subsidiary, it has completed the acquisition of EECOL Electric Corp., headquartered in Calgary, Alberta, Canada.
In October, WESCO International agreed to buy EECOL Electric for about C$1.14 billion.
The acquisition is expected to be accretive to earnings by about $1.00 per share in 2013.
EECOL Electric is one of Canada's premier full-line distributors of electrical equipment, products, and services with about $0.9 billion in annual sales, 57 locations across Canada and 20 in South America, and more than 20,000 customers. It has a strong warehouse-based business focused on serving industrial, oil, gas, mining, utility, and commercial and residential construction customers.
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by RTT Staff Writer
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