OEM International has recently acquired Demesne Electrical in Ireland. Demesne is Ireland’s leading independent importer and distributor of electrical control, switchgear, energy saving & installation products.
Demesne Electrical has a total revenue of € 20 million. The head office is located in Dublin with branch offices in Cork and Dungannon in Northern Ireland. The company has a strong product portfolio based on long partnerships with many of Europe’s leading manufacturers.
OEM with a portfolio of more than 60,000 products is one of Europe’s leading technology trading groups, bringing value to its customers by offering an extensive and diverse range coupled with considerable technical and applications expertise. With 37 operating business units in 14 countries split into three geographic regions. The company’s domestic market is Sweden, where OEM holds a market leading position in most of its product areas. In other regions, the company’s position varies from market to market. The goal is for OEM to be one of the largest players in all its chosen markets.
Dave Williamson, CEO of Demesne Electrical commented “Over the last couple of years our board has been planning for the next steps in the future growth of Demesne. In this regard OEM is an ideal fit and we are certain that Demesne will continue to flourish under this new ownership”.
Paul Fitzsimons, Sales Director of Demesne Electrical said “We wish to thank the customers over the years for their loyal support, the three of us are delighted to be continuing to grow Demesne Electrical. An opportunity for fundamental change stands in front of us not because we have been lacking, but because we have been successful. We are ready to embrace this opportunity not because we fear the future, but because it excites us. What will emerge will still be Demesne Electrical, bigger better and with more opportunities for all”.
Jörgen Zahlin, President and CEO of OEM International said “Demesne, which has been active since 1977, enjoys a very strong position in the Irish market. Their business model fits well into OEM and through this acquisition, we will have access to new opportunities in a new and very interesting market. The ambition is to further develop and grow the existing Demesne business and to gradually strengthen the customer offering”.
The acquisition date was January 13 2022.
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