Technical goods trader Hagemeyer booked a 3% increase in sales in the third quarter of this year with turnover reaching €1.6bn.

Describing the figures as ‘a solid result’, chairman Rudi de Becker said the company was on course to meet its financials targets this year and in 2008.
French rival Sonepar has made a €4.25 a share bid for the Dutch company, which Hagemeyer has already rejected, saying it ‘significantly undervalues’ its operations.