French Roxel sales rise 7.3% to $17.28B
Rexel, the French company specializing in electrical equipment distribution, has raised its annual forecasts for the second time due to strong demand from data centers in the United States and the shift toward electricity in Europe. During the first nine months of 2026, sales increased by 7.3%, reaching $17.28 billion, with an 11.4% rise in the third quarter driven by growth in the US market, which expanded by 10.7% due to data center expansion, and a 3.2% growth in Europe driven by increased demand for energy and cooling solutions. The company now anticipates sales growth of around 7% for this year and plans to complete an acquisition of American company G.C.G., which will add more than €1 billion to its revenues, aiming to strengthen its presence in the US market and capitalize on the demand for digital infrastructure and the ongoing transition to electric in Europe.
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