Paris-based electrical distributor Rexel has acquired Shanghai Maxqueen, a distributor of building automation systems and related added value services in China.
Maxqueen, with 2014 revenue of €20 million (US$22.3 million), mainly targets the banking, public and commercial building end markets. The Shanghai-based company has over 130 employees, seven sales outlets and four storage facilities.
The acquisition further strengthens Rexel China’s expertise in high value-added services, following the July 2014 acquisition of electrical supply distributor Beijing Ouneng.
