Sonepar enters the UK with Routeco
26 September 2014
Sonepar, a global electrical distribution company with operations in 40 countries, has entered into an agreement to purchase the shares of Routeco Group Holdings Ltd.
The transaction, which is subject to approval from competition authorities in Austria, is expected to close during the fourth quarter of 2014.
Routeco is a distributor of industrial control and automation products and services in the UK and has been a Rockwell Automation authorised distributor since 1992. The company has 13 branches across the UK and also has operations in Austria and in the Netherlands.
This acquisition underlines the ongoing efforts of Sonepar to strengthen its position with entries into new countries as well as into the industrial automation sector.
Routeco will continue to operate as a separate business unit within Sonepar Northern Europe. Ian Stewart (CEO) and the existing management team will remain in charge and the company will continue to work closely with Rockwell Automation and will be supported by Sonepar to improve the value proposition to its customers base, through providing support in offering more complementary lines, supply chain services and e-commerce capabilities.
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