PRNewsWire
08 Jun 2026, 20:45 UTC · 2h ago
Wesco Enters into Definitive Agreement to Acquire Newark Engineering Group, Expanding Data Center Cooling and Lifecycle Services
PRNewsWire
08 Jun 2026, 20:45 UTC · 2h ago
Story key points
4 claims · impact-rated
Wesco International has agreed to acquire Singapore-based Newark Engineering Group for approximately $136 million USD. — Direct expansion into the high-growth data center cooling market and Southeast Asia region is a positive strategic move.
+0.40The acquisition of Newark is expected to be EBITDA margin accretive and was purchased at a multiple below Wesco's current trading multiple. — Acquisitions that are immediately accretive to margins and bought at a discount to the buyer's valuation are viewed favorably by investors.
+0.30Newark generated approximately $60 million in revenue in 2025 and serves a customer base of global technology and Fortune 500 companies. — Provides a concrete scale of the target's revenue and validates the quality of the new customer pipeline.
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The transaction is expected to close in the third quarter of 2026, pending regulatory approvals. — Standard closing timeline for a deal of this size with minimal market-moving implications.
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Model heads
The company is expanding its data center cooling capabilities and Southeast Asia presence through a strategic acquisition expected to enhance growth and margins.
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