Tag: Anixter
Wesco expands portfolio of services helping customers navigate global marketplace
May 24, 2023SSN Staff
PITTSBURGH – On May 24, B2B distributor, logistics service and supply chain solutions company Wesco International announced the expansion of its portfolio of services the company says will help customers navigate an increasingly dynamic global marketplace.
Wesco said that the newly expanded capabilities in its portfolio of services reflect their mission to build, connect, power and protect the world. New additions include a new Innovation Partner Ecosystem that features an impressive...
Wesco International Q4 and 2022 results “stellar”
February 16, 2023SSN Staff
PITTSBURGH – Wesco International shoots for the stars this week after revealing an impressive performance following its financial postmortem for 2022 and fourth fiscal quarter results.
At a glance the company displayed record net sales of $5.6 billion in the fourth quarter, up 15 percent year-over-year (YOY). There was operating profit of $382 million with an operating margin of 6.9 percent (Adjusted EBITDA of $451 million, up 41 percent YOY; adjusted EBITDA margin of 8.1...
Anixter offers free, on-demand courses for BICSI, AVIXA credits
April 24, 2020SSN Staff
GLENVIEW, Ill.—Like many of us, security integrators and installers are also following stay-at-home orders, producing extra time on their hands. Anixter suggests using this time to earn continuing education credits from the comfort of their homes.
Anixter Universityoffers BICSI- and AVIXA-accredited courses for free and on-demand. Courses follow a non-sales, non-product-specific curriculum, and cover technologies and best practices for data centers, network installation, physical security,...
Anixter accepts $4.5 billion buyout offer from WESCO
January 15, 2020SSN Staff
PITTSBURGH and GLENVIEW, Ill.—On Jan. 6, after a month-long bidding war with an affiliate of private equity firm Clayton, Dubilier & Rice, which first proposed purchasing Anixter for $3.8 billion in October 2019, the Glenview, Illinois-based company announced a merger agreement with Pittsburgh-based WESCO International.Boards of both Anixter and WESCO unanimously approved a $4.5 billion cash-and-stock deal, according to the announcement. The agreement needs shareholders' and regulators' approvals,...
Anixter to be acquired for $3.8 billion
November 1, 2019SSN Staff
GLENVIEW, Ill.—Anixter International Inc., a global distributor of Network & Security Solutions, Electrical & Electronic Solutions and Utility Power Solutions, has entered into a definitive agreement with an affiliate of Clayton, Dubilier & Rice to be acquired in an all cash transaction valued at approximately $3.8 billion. The transaction will result in Anixter becoming a private company and is expected to close by the end of the first quarter of 2020.“We believe this transaction is...
Tri-Ed opens new branch, plans co-locations with Clark
February 3, 2016Spencer Ives
WOODBURY, N.Y.—Tri-Ed, a distributor, announced the opening of a new branch in Memphis and the intention to co-locate two new locations with Clark Security, a locksmith division of Tri-Ed's parent company Anixter.Co-locating will benefit “the customer base from Clark, as they migrate from the mechanical into the electrical locking business. They'll have a single stop shop, as Tri-Ed offers more of the electrical locking products,” Pat Comunale, Tri-Ed president and CEO, told Security...
SSN readers look online for news
January 20, 2016Spencer Ives
YARMOUTH, Maine—News happens daily in the security industry, and most of Security Systems News' readers stay current through online sources and what's sent out through email, according to SSN's latest News Poll.When it comes to news, “[The] preference is on relevance—what will help the company be better positioned for business growth now and in the immediate future and what solutions will best fit our customers and their long-term strategy,” John Wilkinson, general manager...
SSN News Poll: PSIM definitions matter
July 21, 2015Spencer Ives
YARMOUTH, Maine—Definitions matter when talking about PSIMs, said 48 percent of Security Systems News' readers in the latest News Poll—it's difficult to sell what isn't understood, they said.A majority—60 percent—said a physical security information management system [PSIM] needs to be vendor agnostic and bring together disparate systems.“PSIM is a very unique and exact term in my opinion. It is a vendor that produces a 'manger of managers' type of platform,” said...
Mission 500 breaks record at ISC West; seeks aid for young Nepal victims
May 6, 2015Amy Canfield
MIAMI—Mission 500, the non-profit initiative focusing on the security industry and dedicated to serving the needs of children and communities in crisis, broke its record and raised more than $120,000 at ISC West this year through its sixth annual Security 5K/2K Run/Walk and other events.
Meanwhile, the group is seeking new donations to help children displaced as a result of the devastating April 25 earthquake in Nepal. Go here for information. So far, with help from the security industry, it...
The biggest and the newest at ISC West
March 18, 2015Spencer Ives
LAS VEGAS—At the 2015 ISC West show, exhibitors put a lot of thought into their booths—rather literally with Hikvision's “Thought Theater”—and some companies, like IDIS, are using big booths at ISC West to introduce themselves to the industry.IDIS, a global manufacturer, is setting up a 2,800 square-foot booth—one of the top 10 biggest booths at the show this year—as a first time exhibitor. This booth heralds IDIS' entrance into the U.S. market, IDIS said.The...