N🟁N

REXEL : EXPANDED PARTNERSHIP BETWEEN REXEL AND IMTECH TO STRENGTHEN EUROPEAN CO-OPERATION

  //business-finance.news-articles.net/content/201 .. -imtech-to-strengthen-european-co-operation.html
  Published in Business and Finance on Thursday, June 10th 2010 at 1:00 GMT by Market Wire
          ^{🞛 This publication is a summary or evaluation of another publication}

PARIS--(Marketwire - June 10, 2010) - Expanded partnership between Rexel and Imtech to strengthen European co-operation

Rexel, a global leader in the distribution of electrical supplies, and Imtech N.V., a European technical services provider in the area of electrical engineering, ICT (information and communication technologies) and mechanical engineering, announce the expansion of their strategic partnership for the next three years throughout Europe.

Since 2006, Rexel through its former Hagemeyer subsidiaries and Imtech have been working together on joint projects and offers. Based on mutual evaluation, the two organizations have decided to extend their partnership for the next three years and expand throughout Europe.

Rexel is a strategic supplier for Imtech, one of Rexel's top five international key accounts, and aims at increasing co-operation in Europe. Through this partnership, Rexel will allow Imtech to reduce its costs, gain efficiency and build together specific innovations in tailored services. This co-operation is significant for Rexel and illustrates the Group's strategy of partnership with high quality of services and business development for its key accounts.

Key Accounts customers are major industrial, commercial, and service companies. They have the ability to outsource to Rexel their procurement, logistics and storage in order to be able to optimize productivity, improve profitability, and focus on their core businesses. In 2009, key accounts sales represented roughly 18% of Rexel's total sales volume.

About Rexel

Rexel, a global leader in the distribution of electrical supplies, serves three main end markets: industrial, commercial and residential. The Group operates in 34 countries, with a network of some 2,200 branches, and employs 28,000 people. Rexel's sales were €11.3 billion in 2009. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and BAML Capital Partners.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100.

For more information, visit Rexel's web site at [ www.rexel.com ]

About Imtech

Imtech N.V. is a European technical service provider in the area of electrical engineering, ICT and construction. With approximately 23.000 employees Imtech has a turnover of 4,3 billion in a year. Imtech is strong in markets like buildings, industry, infra/traffic in the Benelux, Germany, Eastern Europe, Nordic, the UK, Ireland, Spain and the worldwide maritime market. In total Imtech serves 20.000 customers. Imtech is listed on the Euronext, in the Midkap Index. The share of Imtech is also listed on the Dow Jones STOXX 600 index.

Contacts

 +-------------------------+-------------------------+ |Financial Analysts / |Press | |Investors | | +-------------------------+-------------------------+ |Marc MAILLET | Laetitia OLIVIER| +-------------------------+-------------------------+ |( +33 1 42 85 76 12 | ( +33 1 42 85 59 89| +-------------------------+-------------------------+ |[ mmaillet@rexel.com ] | [ lolivier@rexel.com ]| +-------------------------+-------------------------+ |Florence MEILHAC |Brunswick: Thomas | | |KAMM | +-------------------------+-------------------------+ |( +33 1 42 85 57 61 | ( +33 1 53 96 83 92| +-------------------------+-------------------------+ |[ fmeilhac@rexel.com ] |[ tkamm@brunswickgroup.com ] | | | | +-------------------------+-------------------------+