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RS Group PLC on Wednesday announced it completed the acquisition of Risoul y Cia SA de CV, which RS in August said was for a cash consideration of $275 million on a cash-free and debt-free basis.
RS, a London-based industrial and electronics products distributor, said in August it was buying Risoul, a family-owned distributor of industrial and automation product and service solutions in Mexico, to strengthen its position in the country.
For the year that ended on September 30, 2021, Risoul generated revenue of $166 million and earnings before interest and tax of $19 million.
By Tom Budszus, Alliance News reporter
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