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.
Tax hike in town's proposed budget ... Residents sue over industrial park plan ... Attacks ads targeting Suozzi paused ... Out East: McCall Wines
Tax hike in town's proposed budget ... Residents sue over industrial park plan ... Attacks ads targeting Suozzi paused ... Out East: McCall Wines
