Sonepar acquires Újfa-Vill in Hungary

 

Sonepar acquires Újfa-Vill in Hungary

Sonepar is pleased to announce that it will acquire the electrical distribution activity of Újfa-Vill in Hungary as of June 30th, 2021.  This acquisition is subject to the approval of the Hungarian antitrust authorities.

Újfa-Vill is a family-owned company and has a significant position in the electrical wholesale business in eastern Hungary.

Thanks to the acquisition of Újfa-Vill, the Sonepar Group will strengthen its coverage in the Hungarian market. With our new, strengthened team in the coming period, we are working to reap the benefits of the merger and to provide the best possible service to our customers.