FONT-SIZE Plus   Neg

WESCO Intl. Completes Acquisition Of Canada-based EECOL Electric

WESCO International, Inc. (WCC) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
As the Black Friday din settles down, it is time to look back at how various players and products fared and Adobe has offered some insight into just that. Mobiles and smartphones sold like hot cakes, according to online shopping data released by Adobe. After nearly a 2-year hiatus following its announcement that it is testing unmanned drones, Amazon finally offered a glimpse into the prototype and its functioning. It remains to be see if the company can work around regulatory hurdles to make it a reality. Microsoft's (MSFT) office assistant Cortana for iOS beta has arrived, but only 2000 people will be able to test the virtual assistant.
comments powered by Disqus
Trade WCC now with 
Follow RTT