WESCO International announced that it has sold its legacy WESCO datacom business in Canada to Guillevin International, a Canadian distributor of industrial products.
According to the company, the transaction fulfills its commitment to divest its legacy Canadian utility and datacom businesses in connection with its Consent Agreement with the Canadian Competition Bureau related to WESCO’s merger with Anixter International, which closed on June 22, 2020. Net proceeds will be used to repay indebtedness.
John Engel, chairman, president and CEO, said in a statement, “We are pleased to complete this transaction and to satisfy the last divestiture requirement of our agreement with the Canadian Competition Bureau. This transaction is a highly successful outcome for WESCO. We will support our associates as they transition to Guillevin, and we wish them continued success. WESCO is committed to continuing to serve datacom customers in Canada, through the legacy business we acquired with Anixter.”
Earlier this month, WESCO announced the sale of its utility business in Canada to Rexel.
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