Rexel acquired a minority stake in Trace Software International, a software edition company specialized in electrical design and calculation for non-residential building activity, and 100% of Freshmile Services, an independent electrical vehicle charging station operator offering both services and supervision software.
The ambition underpinning these 2 acquisitions is twofold:
- Complete the current range of software solutions with a new proposition dedicated to the non-residential market to facilitate the daily work of our customers.
- Offer a full range of services to end-users, from installed base monitoring to remote maintenance.
Patrick Berard, CEO, Rexel, said: “The two transactions we are announcing are the first building blocks in software and services that are part of the strategy we presented at our strategic update on 11th February. Through these bolt-on acquisitions, we will reinforce our positioning and extend our addressable market with innovative adjacent activities. These two deals demonstrate our intention to play an active role across the value chain and to seize new market opportunities. They strengthen our capabilities in the day-to-day software used by our customers and allow us to enter the services segment in the EV business”.
