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RS Group Acquires Mexican Industrial and Automation Solutions Distributor Risoul y Cia.

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Vincent

MANews-(C)2009-2022

UK-based product and service solutions provider RS Group plc's (LSE: RS1) Allied Electronics and Automation trading brand has inked an agreement to acquire Mexico-based industrial and automation product and service solutions distributor Risoul y Cia, S.A. de C.V. for a cash consideration of USD 275m (c. GBP 228m), the group said.

The consideration represents an acquisition multiple of c. 12x adjusted EBIT on a 12-month basis to 30 June 2022.

The acquisition of Risoul delivers on the group's strategy to accelerate organic growth through high-quality inorganic opportunities that expand our geographic reach, extend targeted product adjacencies, and develop our product and service solutions offer.

Risoul is a 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 authorised 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.

There is a strong cultural overlap between Risoul and RS Group. Risoul is...

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