Hagemeyer
Encyclopedia
Hagemeyer was a business-to-business
(B2B) distribution
services group focusing on the markets for electrical materials, safety and other maintenance, repair and operations
(MRO) products in Europe
, North America
and Asia-Pacific
. It was based in the Netherlands
but was acquired by rival Rexel
in 2008, with its units in certain countries subsequently being divested to Sonepar. Rexel and Sonepar have both phased out the Hagemeyer brand in certain countries and retained it in others.
More than 90% of Hagemeyer’s total revenue was generated by its core Professional Products and Services (PPS) business, which focused on the value-added business-to-business distribution of electrical parts and supplies, safety goods (such as hard hat
s and work boots
) and other MRO products in some 25 countries across Europe, North America and Asia-Pacific. The remaining part of Hagemeyer’s revenues was realised by its Agencies/Consumer Electronics (ACE) business, which distributes consumer electronics
and branded products in the Netherlands and Australia
and luxury good
s in a number of countries in Asia.
On 23 November 2007, the board of Hagemeyer agreed to a €3.1 billion takeover offer from larger French
rival Rexel
. Upon completion of the bid, some of Hagemeyer's units were then sold on to Sonepar, a privately-held French company in the same sector. Sonepar had previously had its own lower bid for Hagemeyer rejected. Hagemeyer was removed from the AEX index
on 7 March 2008 as Rexel declared its offer unconditional. Delisting of the firm's shares from the Amsterdam Stock Exchange
took place on 21 April.
Business-to-business
Business-to-business describes commerce transactions between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer...
(B2B) distribution
Distribution (business)
Product distribution is one of the four elements of the marketing mix. An organization or set of organizations involved in the process of making a product or service available for use or consumption by a consumer or business user.The other three parts of the marketing mix are product, pricing,...
services group focusing on the markets for electrical materials, safety and other maintenance, repair and operations
Maintenance, Repair and Operations
Maintenance, repair, and operations or maintenance, repair, and overhaul involves fixing any sort of mechanical or electrical device should it become out of order or broken...
(MRO) products in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, North America
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and Asia-Pacific
Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...
. It was based in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
but was acquired by rival Rexel
Rexel
Rexel is a French group founded in 1967. It is specialised in the professional distribution of electrical supplies. The solutions offered by Rexel cover a wide range of equipment, including lighting, security, automation, climate control, communication, building automation and renewable energies....
in 2008, with its units in certain countries subsequently being divested to Sonepar. Rexel and Sonepar have both phased out the Hagemeyer brand in certain countries and retained it in others.
More than 90% of Hagemeyer’s total revenue was generated by its core Professional Products and Services (PPS) business, which focused on the value-added business-to-business distribution of electrical parts and supplies, safety goods (such as hard hat
Hard hat
A hard hat is a type of helmet predominantly used in workplace environments, such as construction sites, to protect the head from injury by falling objects, impact with other objects, debris, bad weather and electric shock. Inside the helmet is a suspension that spreads the helmet's weight over the...
s and work boots
Steel-toe boots
A steel-toe boot is a durable boot or shoe that has a protective reinforcement in the toe which protects the foot from falling objects or compression, usually it is combined with a mid sole plate to protect against punctures from below.Although traditionally made of steel, the reinforcement can...
) and other MRO products in some 25 countries across Europe, North America and Asia-Pacific. The remaining part of Hagemeyer’s revenues was realised by its Agencies/Consumer Electronics (ACE) business, which distributes consumer electronics
Consumer electronics
Consumer electronics are electronic equipment intended for everyday use, most often in entertainment, communications and office productivity. Radio broadcasting in the early 20th century brought the first major consumer product, the broadcast receiver...
and branded products in the Netherlands and Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and luxury good
Luxury good
Luxury goods are products and services that are not considered essential and associated with affluence.The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies...
s in a number of countries in Asia.
On 23 November 2007, the board of Hagemeyer agreed to a €3.1 billion takeover offer from larger French
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
rival Rexel
Rexel
Rexel is a French group founded in 1967. It is specialised in the professional distribution of electrical supplies. The solutions offered by Rexel cover a wide range of equipment, including lighting, security, automation, climate control, communication, building automation and renewable energies....
. Upon completion of the bid, some of Hagemeyer's units were then sold on to Sonepar, a privately-held French company in the same sector. Sonepar had previously had its own lower bid for Hagemeyer rejected. Hagemeyer was removed from the AEX index
AEX index
The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. Started in 1983, the index is composed of a maximum of 25 of the most actively traded securities on the exchange...
on 7 March 2008 as Rexel declared its offer unconditional. Delisting of the firm's shares from the Amsterdam Stock Exchange
Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.-History:...
took place on 21 April.