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REXEL a world of energy Rexel to acquire GCG , a leading specialty infrastructure platform in the US , a key milestone on Rexel's strategic roadmap PRESS RELEASE Paris , September 25 , 2026 • Seizing a major opportunity to expand our US business , adding a c . $ 1.1bn sales specialty infrastructure platform • Leveraging GCG's exposure to high growth segments & strong value - added customer service $ 1.4bn Enterprise Value acquisition at an attractive < 8x 2026e EBITDAAL multiple post run - rate synergies • Reaching all strict financial criteria , including EPS accretion in year 1 & value creation by year 3 , supported by targeted cost synergies • Providing an accelerated path to Rexel's mid - term financial objectives • Financed through a mix of existing cash on hand and debt , alongside an equity raise of up to € 500m to preserve credit rating and balance - sheet flexibility . Remain committed to an indebtedness ratio of c.2x from 2027 onwards Rexel has entered into an agreement with Audax Private Equity ( " Audax " ) to acquire GCG , a leading US provider of specialty wire and cable , connectivity , power and engineered solutions for critical infrastructure applications . Headquartered in Chicago , Illinois , GCG operates 16 locations with approximately 950 employees and is expected to reach over $ 1.1 billion of revenue in 2026 . Compelling value - added service , exposed to high growth segments GCG combines specialty distribution with a complete range of advanced services including engineering , custom assembly , product modification , kitting , testing and rapid fulfillment . A significant portion of its revenue is generated from proprietary offerings , while more than 75 % incorporates value - added products or services . These capabilities allow GCG to participate further upstream in product design and specification , help customers reduce installation time and labor , and build more embedded customer relationships . The acquisition will position Rexel at the center of several powerful mega trends reshaping the global economy and its electrification . More than 60 % of GCG's revenue is exposed to high growth segments including data centers , power / utilities infrastructure , grid modernization , communications , defense , utilities and other long- term growth markets where artificial intelligence , rising electricity demand and increasing technical complexity are driving sustained infrastructure investments . Since 2019 , GCG has delivered double - digit annual revenue growth and is expected to reach a c.11 % EBITA margin in 2026 , reflecting GCG's exposure to structurally attractive end - markets , proprietary products , technical expertise and its value - add operating model . Rexel's Board of Directors has unanimously approved the acquisition of GCG . Executing our value creating M & A strategy This acquisition is fully aligned with Rexel's strategy to accelerate further in its core geographies and is a strong driver of the Group's accelerated sales growth . Rexel also expects to generate meaningful cost synergies from GCG through scale , logistics optimization , insourcing and select efficiencies . In addition , the combination also creates significant commercial opportunities by bringing GCG's engineered solutions and specialty distribution capabilities to Rexel's broader customer base . Press Release September 25 , 2026 - Rexel to acquire GCG 1/4