Rexel announces an agreement to acquire Talley, presented as one of the leading distributors of wireless infrastructure products and solutions in the United States, 'strengthening its exposure to the fast-growing trends in data usage'.
Talley supplies mobile network operators, network installers, infrastructure operators and end-users throughout the United States. It has over 300 employees and will generate sales of around $360 million in 2024.
The transaction, the amount of which is not specified, is expected to be accretive to Rexel's EPS from year one, value-creating in year two, and to represent a multiple of around seven times EBITDA after synergies.
The acquisition, which is subject to U.S. antitrust approval and customary closing conditions, is expected to close in June, according to the French electrical supplies distributor.
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Rexel is the world's leading professional distributor of electrical equipment. Present in 19 countries, the Group offers electrical products and solutions to professionals for buildings and for residential, industrial, and tertiary infrastructures, through a multi-brand network of 1,972 outlets. The products and solutions marketed by the group are in response to demands for electrical equipment, lighting, security, climate control, communication, industrial automation, and energy savings. The activity is organized around 3 markets:
- tertiary: malls, sports facilities, hospitals, airports, etc.;
- industry: system integrators, production site builders and equipment producers;
- residential: comfort, security, and home automation.
Net sales are distributed geographically as follows: Europe (50.2%), North America (43%) and Asia/Pacific (6.8%).
REXEL 
