Hagemeyer

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Hagemeyer N.V.

Type	Subsidiary of Rexel
Founded	1900
Headquarters	Naarden, The Netherlands
Key people	R.W.A. de Becker, CEO
Industry	Distribution and Services
Revenue	▲ € 6.228 billion (2006)
Operating income	▲ € 190 million (2006)
Net income	▲ € 140 million (2006)
Employees	17,600
Website	www.hagemeyer.com

Hagemeyer is 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 is based in the Netherlands.

More than 90% of Hagemeyer’s total revenue is generated by its core Professional Products and Services (PPS) business. PPS focuses on the value-added business-to-business distribution of electrical parts and supplies, safety goods (such as hard hats 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 is realised by its Agencies/Consumer Electronics (ACE) business, which distributes consumer electronics and branded products in the Netherlands and Australia and luxury goods 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 will then be sold on to Sonepar, a privately-held French company in the same sector. Sonepar had previously had its own lower bid for Hagemeyer rejected.^[1] Hagemeyer was removed from the AEX index on 7 March 2008 as Rexel declared its offer unconditional.^[2] Delisting of the firm's shares from the Amsterdam Stock Exchange took place on 21 April.^[3]