WESCO International Announces Completion of Merger With Anixter
WESCO International Inc., a provider of business-to-business distribution, logistics services and supply chain solutions, has completed its merger with Anixter International Inc., creating a global B2B distribution and supply chain solutions company.
John Engel, chairman, president and chief executive officer, said, "Today marks a significant milestone for WESCO and Anixter. In combining two industry leaders with successful track records, we are creating the premier electrical, communications and utility distribution and supply chain solutions company in the world. This is a transformational combination that provides substantial value creation for our customers, supplier partners, employees, investors and the communities in which we operate. WESCO's capabilities in industrial, construction and utility matched with Anixter's expertise in communications, security and wire and cable create an industry leading line-up for our customers. As we bring together our complementary products, services and technologies, there are significant cross-selling opportunities that enable us to offer more solutions, to more customers, in more locations around the world. This is a growth play which will capitalize on the accelerating secular trends of electrification, increased bandwidth demand driven by higher voice, data, video and mobile usage, and the combination and digitization of our B2B value chain.