Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), announced it has acquired Risoul y Cia, S.A. de C.V. (Risoul). Risoul is a family-owned distributor of industrial and automation products and service solutions in Mexico.
“We are accelerating our organic growth with bolt-on acquisitions that meet our key strategic, financial and cultural criteria. Risoul enables RS to expand our position and execution expertise in the Americas, specifically in Mexico and the rest of Latin America, and drive cross-selling synergies across our product and service solutions offer. As part of RS Group, Risoul will benefit from our digital capabilities and international scale, providing an opportunity to expand beyond its existing strengths while creating new capabilities,” RS Group plc CEO Lindsley Ruth said.
RS Group plc is a global omnichannel industrial product and service solutions provider to customers involved in designing, building and maintaining industrial equipment and operations. Allied Electronics & Automation will acquire Risoul for a cash consideration of $275 million on a cash-free and debt-free basis.