# 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.

- Type: Acquisition
- Announced: 2020-12-10
- Where: United States
- Value: $145.0M
- Status: announced
- Products: integrated supply solutions, procurement management, inventory management
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Electrocomponents](https://endata.com/companies/51764.md) (acquirer)
- [Synovos](https://endata.com/companies/51765.md) (target)

## Sources

- [rsgroup.com](https://www.rsgroup.com/newshub/news/electrocomponents-reaches-agreement-to-acquire-synovos/), 2020-12-10: "Synovos is a very good business, aligned to our strategy of selectively adding high-quality, value-creating bolt-on acquisitions to the Group."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.