logo
Share SHARE
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
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT