Sonepar has entered into separate agreements to acquire the Austrian and Belgian businesses of Solar A/S, respectively named GFI GmbH and Claessen ELGB NV, with closing expected to take place in the second quarter of 2018, according to a Sonepar press release. Finalization of the Austrian transaction is subject to approval from the Austrian competition authorities.
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Sonepar Buys Solar Distributors in Austria and Belgium
In separate agreements Sonepar will acquire GFI GmbH in Austria and Claessen ELGB NV in Belgium.