Electrical distributors and manufacturers have a long history of ongoing consolidation and reps are catching merger-mania as well. Keep up on who owns whom today and where tomorrow's consolidation is likely to appear.
Moret said the offer undervalues Rockwell and its prospects for future growth, presents a long-term risk for Rockwell shareholders and would create a business that would not be well positioned to compete in the rapidly changing industrial...
The combined company will be a multi-region, Top 10 electrical distributor with more than 1,300 employees serving customers from 41 locations in the Midwest, Southeast and South Central areas of the United States.
After two attempts over the past few years to acquire UK-based software provider Aveva Group failed to take, Schneider Electric has an agreement with Aveva’s board to create a new global player in engineering and industrial software.