The German based Würth Electrical Wholesale Group started a co-operation with MEF srl., a leading electrical wholesale company in Florence. The partnership is backed up by a financial transaction in which Würth Electrical Wholesale Group acquires a substantial financial interest of MEF srl.
Würth Electrical Wholesale Group, a subsidiary of the Würth Group, is a leading electrical wholesaler concentrating on the continental European market. In 2014 the Electrical Wholesale business first time in its history surpassed the 1.000 Mrd Sales mark. This accounts for app. 10% of the total sales of the Würth Group, based in Kuenzelsau (Germany).
MEF srl, founded in 1968 by Giaffreda family in Florence, had a 2014 turnover of 120 million Euro. It employs 430 people and operates out of 32 outlets. The product spectrum mainly consists of lighting, building automation, low voltage power distribution and controls, renewable energy, cables and industrial automation products.
Cavour has promoted the deal and advised Wurth in the negotiations with MEF.