It materially strengthens our presence in key European markets, there is a strong cultural and operational fit and there are significant potential soft and hard synergies from the combination. "Distrelec is a complementary business to RS with excellent value creation potential under our ownership. These have helped to drive good progress at Risoul since we acquired it in January 2023. Simon Pryce, Group CEO: "Strategic acquisitions that are value creative is part of our strategy, and I'm pleased with what I've seen of our disciplined identification, assessment, valuation and integration processes. a high-service, digital-led distributor of industrial and MRO products. We are pleased to announce that we have reached an agreement to acquire Distrelec B.V.
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