Allied Electronics & Automation acquires Risoul
Allied Electronics & Automation, a trading brand of RS Group plc, has agreed to acquire Risoul, a family-owned distributor of industrial and automation product and service solutions in Mexico $275 million.
Risoul is a leading distributor of industrial and automation product and service solutions in Mexico, a highly fragmented market, with almost 50 years of operational knowledge and automation expertise. Risoul sells a range of branded products and is the largest authorized Rockwell Automation distributor in Latin America, the tenth globally, with rights to distribute Rockwell’s products in the main industrial areas of Mexico and has recently launched into Spain. Risoul also provides several service solutions including onsite product training, control board and panel assembly, air conditioning maintenance, specialist tool repair and a smart network infrastructure service.
For the year ended Sept. 30, 2021, Risoul generated revenue of $166 million and EBIT of $19 million.
“We are accelerating our organic growth with bolt-on acquisitions that meet our key strategic, financial and cultural criteria," said Lindsley Ruth, CEO of RS Group. "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."
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