Sonepar is proud to announce that it has entered into an agreement to acquire ELCO elektro, s.r.o.
Founded in 1993 and located in Mladá Boleslav and Kralupy nad Vltavou, this electrical installation material wholesaler has an annual turnover of around EUR 7 million.
Sonepar’s presence in the Czech Republic dates back to 1992, when it opened its first branch, its headquarters and a central warehouse in Hradec Králové.
Today, Sonepar operates a sales network of 29 branches located in 25 cities in the Czech Republic. This network has been built through the opening of new branches and acquisitions. With an expected turnover 2021 close to EUR 100 million, Sonepar is one of the leading electrical installation material wholesalers in the Czech Republic.
The acquisition of ELCO elektro will significantly strengthen Sonepar’s business and will support its continued successful development in the Czech Republic.
Welcoming the Elco Electro team to the Sonepar Group.