Systemax to spend $25M for Milwaukee unit of German company
Systemax Inc., a Port Washington electronics retailer, reported that it will acquire a Milwaukee equipment group for $25 million in cash.
Systemax Inc., a Port Washington electronics retailer and industrial supply company, has reached an agreement to pay $25 million cash to buy the Plant Equipment Group of Milwaukee.
The Long Island company is acquiring PEG, which sells maintenance, repair and operations products, from the American arm of TAKKT, a German industrial supply corporation. PEG generated $100 million in revenue in 2013.
The deal, announced Dec. 31, is scheduled to close this month.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
Out East with Doug Geed: Wine harvests, a fish market, baked treats and poinsettias NewsdayTV's Doug Geed visits two wineries and a fish market, and then it's time for holiday cheer, with a visit to a bakery and poinsettia greenhouses.
