◂ Announcements

Dec 10, 2020ACQUISITIONUnited States

Electrocomponents agrees to acquire Synovos for $145 million

Electrocomponents plc reached an agreement to acquire Synovos, a provider of integrated supply solutions in the Americas, for $145 million on a debt-free, cash-free basis. The acquisition is expected to complete in Q1 2021.

Value

$145.0M

Status

Announced

Productsintegrated supply solutionsprocurement managementinventory management

CompaniesElectrocomponents acquirer Synovos target

Sectors#Industrial Machinery

“Synovos is a very good business, aligned to our strategy of selectively adding high-quality, value-creating bolt-on acquisitions to the Group.”rsgroup.com

1 source
rsgroup.comElectrocomponents reaches agreement to acquire Synovos - News - Newshub - RS GroupDec 10, 2020

Summarized from public sources; check the original articles before acting on it.

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