Monday, Dec 21, 2009
As at 1 January 2010, within the context of a strategic succession, the Daetwyler Group acquires the German Reichelt Elektronik GmbH & Co. KG whose approx. 200 employees generate annual sales of around Euro 100 million. For Daetwyler, this will mean a further spurt for growth of its catalogue distribution business of industrial electronics, automation and computer accessories. The acquisition of Reichelt Elektronik GmbH & Co. KG fits in with Daetwyler’s consistent strategy of strengthening the development of its trading activities, thereby further upgrading previous acquisitions as well as the core business of its Technical Components Division.
Altdorf, 11 December 2009. As at 1 January 2010, within the context of a strategic succession, the Daetwyler Group acquires the German catalogue distributor Reichelt Elektronik GmbH & Co. KG headquartered in Sande (Friesland). By this, Daetwyler continues its strategy of consistently strengthening the Technical Components Division trading activities. It was agreed to maintain silence about the purchase price. Completion of the contract is scheduled for 1 January 2010 after usual regulatory conditions have been fulfilled.
Above average profitability
Reichelt Elektronik, a catalogue distributor of industrial electronics, automation and computer accessories, with its approx. 200 employees generates annual sales of around Euro 100 million (CHF 150 million). Thanks to its strong market position, the company succeeded in achieving in its sector above average profitability even in the current adverse economic climate. From its state-of-the-art logistics centre in Sande, Reichelt supplies not merely the entire German market but also all its foreign markets.
Upgrading the existing business
Reichelt Elektronik will be integrated into the Daetwyler Technical Components Division, but will continue to operate under the well established Reichelt Elektronik brand. After its acquisition of the Swedish ELFA Group in spring 2008, with the acquisition of Reichelt Dätwyler in its catalogue distribution business makes the second spurt for growth within two years. Due to quantities and economies of scale as well as thanks to strategic synergies the acquisition of Reichelt further upgrades the previous acquisitions of ELFA (2008, Scandinavia and Eastern Europe), Proditec (2006, Switzerland) and Schuricht (2001, Germany) as well as the Distrelec core business.
Consistent strategy of growth
With Schuricht and Reichelt, Daetwyler in the attractive German market advances to a leading supplier and strengthens its position as number two in the high margin catalogue distribution business for industrial electronics and automation in Central Europe. Collaboration of Reichelt with the other Daetwyler trading companies leads to further synergy potential, especially in purchasing, product management and catalogue production. Thanks to this consistent strategy of further developing and expanding its trading activities, Daetwyler in 2010 will for the first time generate more than half of group sales in the Technical Components Division.
Reichelt Elektronik GmbH & Co. KG is a leading catalogue distributor for industrial electronics, automation and computer accessories in Germany. A basic range of more than 35,000 products, high stock availability and a 24-hour delivery service are the basis for its strong market position in the Business-to-Business as well as in the Business-to-Consumer segment. With its approximately 200 employees Reichelt generates annual sales of around Euro 100 million (CHF 150 million). As much as 70% of all orders are generated through the web shop. The company, headquartered in Sande (Friesland) with a state-of-the-art logistics centre has since 1990 been continually developed by its owner-manager Angelika Reichelt.
Daetwyler Group (www.daetwyler.ch)
The Daetwyler Group is an international multi-niche player dedicated to supplying and distributing engineering and electronic components to industry. In its activities, the Group focuses on attractive markets and niches that offer opportunities to increase value added and sustain profitable growth. Daetwyler’s four divisions – Cables, Rubber, Pharmaceutical Packaging and Technical Components – are focused on the manufacturing, pharmaceutical and datacom industries. Our strategy is built on delivering innovative solutions and positioning ourselves as a competent development partner for our customers. With more than 50 operating companies, sales in over 80 countries and some 4,500 employees, Daetwyler generates approximately CHF 1,200 million in revenue. The Group has been listed on the main board of the SIX Swiss Exchange since 1986 (security number 3048677).