On July 2, WESCO International rose 14.62% in pre-market trading, trading at $340.46 per share, with turnover of $51,600. The rally was driven by the company's announcement that it has officially completed its $136 million acquisition of Singapore-based Newark Engineering Group.

Newark Engineering specializes in temperature control systems and lifecycle services for data centers. Following the close, WESCO will expand its access to hyperscale, enterprise, and colocation data center clients while increasing wallet share through cross-selling electrical, communications, and supply chain offerings across Newark's installed base. The deal also strengthens WESCO's presence in the Southeast Asia region.

The acquisition aligns with broader positive momentum for the company. In Q1, WESCO reported adjusted EPS of $3.37, beating the consensus estimate of $2.78 by over 21%, while revenue of $6.08 billion also surpassed expectations. Management subsequently raised full-year guidance to an adjusted EPS range of $15.00–$17.00. DA Davidson recently initiated coverage with a Buy rating and a $440 price target, well above the current trading level.

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