# Rexel corporate expansion and financial performance

> Live situation record from CLSTR: https://clstr.news/situations/rexel-corporate-expansion-and-financial-performance
> Updated: 2026-10-22T17:01:19.000Z. Sources: 4. Developments: 2.

Rexel has initiated a significant expansion of its North American operations through the announced US$1.4 billion acquisition of GCG, a Chicago-based provider of specialty wire, cable, and connectivity products. The acquisition, sourced from Audax Private Equity, aims to strengthen Rexel’s presence in high-growth infrastructure sectors such as data centers, power grids, and defense.

Following this move, Rexel reported its strongest quarterly sales growth since 2022, with third-quarter 2026 sales reaching €5.45 billion. This growth was largely driven by an 18.2% increase in US sales, fueled by a data center segment that more than doubled year-over-year. Due to these results, the company raised its full-year 2026 sales growth outlook to approximately 7%.

## Claims

- Like-for-like sales growth in Q3 was 11.4%. (corroborated by 3 sources)
- Rexel reported Q3 2026 sales of €5.45 billion. (corroborated by 2 sources)
- The company raised its 2026 like-for-like sales growth target to approximately 7%. (corroborated by 2 sources)
- The adjusted current EBITA margin target is at least 6.4%. (corroborated by 2 sources)
- US sales increased by 18.2%. (single source)
- Data center sales in the US more than doubled year over year. (single source)
- Rexel signed an agreement to acquire GCG in the United States. (single source)
- Asia-Pacific sales rose 15.8% to €347.6 million. (single source)

## Timeline

### 2026-10-22: Rexel reports strongest quarterly sales growth since 2022

Rexel reported Q3 2026 sales of €5.45 billion, its strongest growth since 2022, driven by US data center demand. The company subsequently raised its full-year 2026 sales and margin outlook.

4 sources. https://clstr.news/cluster/rexel-reports-strongest-quarterly-sales-growth-since-2022

### 2026-09-28: Rexel to acquire GCG in US$1.4 billion deal

Rexel is acquiring Chicago-based GCG from Audax Private Equity for US$1.4 billion to expand its North American presence in critical infrastructure markets like data centers and power grids.

2 sources. https://clstr.news/cluster/rexel-to-acquire-gcg-in-us14-billion-deal

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Cite as: Rexel corporate expansion and financial performance. CLSTR, https://clstr.news/situations/rexel-corporate-expansion-and-financial-performance