RS to buy Distrelec in €365m deal
RS Group has reached an agreement to acquire Distrelec BV, a Dutch distributor of industrial and MRO products for €365m.
“Strategic acquisitions that are value creative is part of our strategy, and I’m pleased with what I’ve seen of our disciplined identification, assessment, valuation and integration processes. These have helped to drive good progress at Risoul since we acquired it in January 2023,” said Simon Pryce, Group CEO who took over last month.
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“Distrelec is a complementary business to RS with excellent value creation potential under our ownership. It materially strengthens our presence in key European markets, there is a strong cultural and operational fit and there are significant potential soft and hard synergies from the combination.
“We look forward to welcoming Distrelec to RS and to realising the significant potential growth and value creation opportunities it creates for all our stakeholders.”
The company is being purchased from private equity firm Aurelius Equity Opportunities which acquired it as a spin-out from Dätwyler Group in March 2020.
Completion is expected within two to three months, subject to customary closing conditions including German, Austrian and Italian regulatory clearance.
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