RS Group acquires Distrelec for €365 million

RS Group PLC has agreed to acquire Distrelec B.V., a high-service digital-led distributor of industrial and MRO products, for €365 million on a cash-free and debt-free basis. The acquisition expands RS's presence in continental Europe, particularly in Germany, Switzerland, and Sweden.

“We are pleased to announce that we have reached agreement to acquire Distrelec B.V.”marketscreener.com

• 1 source
• marketscreener.comRS : Acquisition of Distrelec StatementPublicnowApr 27, 2023

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