"We are excited to announce that we have entered into an agreement for Inner Range and CSD to be acquired by Anixter Inc," said Mark Cunnington, Inner Range & CSD Director. "The agreement is expected to be finalised before the end of June 2018."

"For Inner Range and CSD customers, nothing has changed - it is business as usual. Inner Range's commitment to research and development will continue and CSD’s branch network and support systems will remain unchanged."

"After the agreement is finalised we expect to announce some exciting new opportunities for Inner Range, CSD and Anixter customers. We greatly appreciate your ongoing business and I can assure you that this development will have a very positive impact on our product offering and customer service levels."  Anixter is a Fortune 500 global leader in distribution with revenues of more than $US7.9 billion and currently employs more than 9000 staff.