Wesco to buy Canada's EECOL Electric for $1.16 bln

Wed Oct 17, 2012 4:57pm EDT

Oct 17 (Reuters) - Electrical products distributor Wesco International Inc said it will buy rival EECOL Electric Corp for about 1.14 billion Canadian dollars ($1.16 billion) to expand its international footprint, particularly in South America.

The acquisition is expected to add about $1.00 per share to its earnings in the first full year of operation, Wesco said.