The integration process is going so well that overall goals have changed.
Feb 1st, 2021
WESCO, the giant electrical/supply chain management distributor, appears to be on track for a successful integration of Anixter into its business operations.
In releasing its first full quarterly earnings statement since its huge $4.3 billion acquisition of Anixter, WESCO showed that its cost synergy savings has far exceeded expectations. Company officials also noted the successes-and potential-across the board for sales, cost, margins, profit, EPS, free cash flow generation and reduced financial leverage.
John Engel, chairman, president and CEO of WESCO, told financial analysts in October that he was “thrilled” with the integration thus far and said the company is now substantially increasing its cost synergy savings estimates over the next three years.