Sonepar Belgium has sold its shares in Eltra nv and Elar bv to the Heylen Group, subject to approval by the Belgian competition authority.
Waregem, March 17, 2020 - Sonepar Belgium has sold its shares in Eltra nv and Elar bv to the Heylen Group, subject to approval by the Belgian competition authority. The sales agreement was signed on March 11th 2020.
Eltra nv is active in the distribution of electrical do-it-yourself equipment. The decision was made because Sonepar Group and Sonepar Belgium want to focus further on its strategic core activities, and the DIY market is not a part of that strategy.
Nevertheless, it is our intention to let Eltra grow further. We are strongly convinced that the Heylen Group will be able to invest more in Eltra, so that the future of Eltra’s associates and customers are assured.
Sonepar Belgium sees a favorable future for Eltra with the Heylen Group as its shareholder as its roots are in Antwerp and this acquisition is perfectly in line with their strategy. The Heylen Group already operates in logistics, retail and real estate.
Lastly, the Heylen Group is filing this acquisition subject to the approval by the Belgian Competition Authority, which is expected to give its feedback around the end of March - beginning of April.
Sonepar is an independent family-owned company with global market leadership in B-to-B distribution of electrical products, solutions and related services. Assisting customers in a wide range of markets and drawing on the skill and passion of its 48,000 associates, Sonepar has sales of €24 billion. Through a dense network of 145 operating companies spanning 48 countries and 5 continents, and the digital solutions developed, the Sonepar Group delivers greater service and enhanced customer relations every day. Sonepar’s ambition is to become “La Référence” - the standard-setter for all its stakeholders.
The Sonepar group is represented in Belgium by the commercial companies Cebeo, Vandecapelle, Sobe-Log and Eltra.
Eltra nv has been the reference in electrical do-it-yourself material since 1954. From their logistics centre in Temse, they supply a wide range of products to over a thousand DIY stores in Belgium, the Netherlands and the rest of Europe. Eltra nv and Elar bv employ 91 people and generate an annual turnover of 65 million euros.
Heylen Group is a family investment holding company that invests in ambitious companies and entrepreneurs worldwide. Since its start in 2000, the company has grown into an umbrella group with 28 companies active within 10 different sectors. With branches in Belgium, the Netherlands, Luxembourg, Italy and Finland, the group also operates internationally.
Heylen Group explicitly opts for a 'buy and build' strategy: what is bought is further expanded through both organic growth and strategic acquisitions. Through innovation, internationalisation and operational ambition, the focus is on long-term investments. Heylen Group is determined to join forces and stimulate the entrepreneurial spirit of each partner.
Cebeo : Kurt Vandoorne | Head of Marketing & Digital Development | T +32 56 831000 | firstname.lastname@example.org
Heylen Group: Carol Delooz – email@example.com – M : +32 473 89 22 01
Eltra : Dirk Baum – CEO Eltra – firstname.lastname@example.org – M : +32 475 72 62 80