Wesco International Announces Agreement To Acquire Rahi Systems, A Leading Provider Of Global Hyperscale Data Center Solutions
Acquiring Company
Wesco International
Acquired Company
Rahi Systems
PittsburghManufacturingOil And GasSecuritySupply Chain ManagementConstructionLogisticsDescription
Wesco International (NYSE: WCC) today announced it has entered a definitive agreement to acquire Rahi Systems Holdings, Inc., a privately held company headquartered in Fremont, California for $217 million, and a leading provider of global hyperscale data center solutions. The purchase price represents approximately 7.5x Rahi’s projected trailing twelve months adjusted earnings before interest, taxes, depreciation and amortization (EBITDA).
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Frequently asked
Who acquired Rahi Systems?
Rahi Systems was acquired by Wesco International, based in Pittsburgh. The deal was reported on September 7, 2022. Wesco International (NYSE: WCC) is a FORTUNE 500® company with more than $22 billion in annual sales and a leading provider of business-to-business distribution, logistics services, and supply chain solutions. Wesco International is publicly traded (WCC) and operates in Manufacturing.
When did Wesco International acquire Rahi Systems?
Wesco International's acquisition of Rahi Systems was reported on September 7, 2022. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Rahi Systems do?
RAHI is an Information Technology services and solutions provider company Globally. We specialise in Data Center Solutions and Services, Cloud Infrastructure Solutions, IT Managed Services, and Audio & Video Solutions. It is privately held.
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