Wesco to Buy Singapore-Based Newark Engineering for S$175 Million; Stock Rises After Hours
Wesco International agreed to acquire Singapore-based Newark Engineering Group for a cash-free, debt-free purchase price of 175 million Singapore dollars (about $136 million). The move expands Wesco's engineered cooling and lifecycle services capabilities in Southeast Asia, and the company says the target is EBITDA margin accretive and was acquired…