Wesco Finalizes Newark Engineering Group Acquisition, Bolstering Data Center Services
WCC sits 88% above its 52-week low of $183.
Summary
Wesco International has completed its acquisition of Newark Engineering Group. This follows the definitive agreement announced on June 8th. The deal expands Wesco's capabilities in data center cooling and lifecycle services, which is a strategic growth area for the company.
At the time of this announcement, WCC was trading at $344.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $16.8B. The 52-week trading range was $183.00 to $377.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.