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We are now RS Group plc, formerly Electrocomponents plc

 1. Home
 2. Media
 3. RS Group completes acquisition of Distrelec

03.07.2023



RS GROUP COMPLETES ACQUISITION OF DISTRELEC 

€365 million acquisition of high-service, digital-led distributor of industrial
and MRO products expands RS's presence in continental Europe  



LONDON, UK, 3 July 2023 – RS Group plc (LSE: RS1), a global provider of product
and service solutions, announced that it has completed the acquisition of
Distrelec B.V. (Distrelec), a high-service, digital-led distributor of
industrial and maintenance, repair and operations (MRO) products, for a cash and
debt free value of €365m as previously announced on 27 April 2023. 
 
Distrelec serves approximately 180,000 customers across 19 countries,
significantly expanding RS’s presence in continental Europe, especially in
Germany, Switzerland and Sweden. Headquartered in Manchester, UK, Distrelec has
approximately 400 employees and 12 sales offices across Europe. It also operates
two distribution centres in Switzerland and the Netherlands and a shared service
centre in Latvia.  
 
Distrelec is a complementary business to RS with a comparable product mix and
customer-centric focus, plus industry-leading product availability. Similar to
RS, two thirds of Distrelec's revenue are from digital channels and the average
order value is also comparable to RS. This strong competitive position increases
RS’s revenue by c. 40% in DACH (Germany, Austria and Switzerland), c. 80% in
Scandinavia, and adds scale in Italy, Benelux and Eastern Europe. 
 
There is a high degree of overlap in the largely European supplier base, and the
combined distribution network will improve the customer experience and
operational efficiency of both RS and Distrelec. In addition, there will be
increased revenue synergies from cross‐selling opportunities of RS’s own brand
and solutions offer.  
 
Distrelec will be integrated into the Group's EMEA region, overseen by Peter
Malpas (President EMEA, RS) with key members of Distrelec's management team
including Raj Patel (Managing Director) and Ben Scholey (Chief Information
Officer).  
 
Simon Pryce, CEO of RS Group, commented: "The acquisition of Distrelec
materially strengthens our presence in key European markets. It is a
complementary business to RS and has excellent value creation potential with a
strong cultural and operational fit. Like RS, Distrelec promotes a
high‐performance culture with good levels of employee engagement and
satisfaction. We look forward to welcoming the Distrelec team to the group and
realising the significant value creation potential that comes from bringing RS
and Distrelec together.” 

-Ends- 

RS Group 
RS Group plc provides product and service solutions that help our customers
design, build, maintain, repair and operate industrial equipment and operations,
safely and sustainably. We stock more than 750,000 industrial and electronic
products, sourced from over 2,500 leading suppliers, and provide a wide range of
product and service solutions to 1.1 million customers. 
 
We support customers across the product lifecycle, whether via innovation and
technical support at the design phase, improving time to market and productivity
at the build phase, or reducing purchasing costs and optimising inventory in the
maintenance, repair and operation phase. We offer our customers tailored product
and service propositions that are essential for the successful operation of
their businesses and help them save time and money. 
 
RS Group plc is listed on the London Stock Exchange with stock ticker RS1 and in
the year ended 31 March 2023 reported revenue of £2,982 million. 
 
For more information, please visit https://www.rsgroup.com/  
 
PR Agency Contact: 
Janice Fenton 
Senior Account Director 
Publitek 
janice.fenton@publitek.com 
  +44 (0) 7774 725483 
 
Further information is available via these links: 
Twitter: @WeAreRSGroup 
LinkedIn: www.linkedin.com/company/wearersgroup/ 
RS Group plc: https://www.rsgroup.com/ 
 

Head office

RS Group plc
Fifth Floor
Two Pancras Square
London
N1C 4AG
United Kingdom

Tel: +44 (0)20 7239 8400

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