Electrocomponents to acquire Monition
Monition provides managed services in areas such as condition monitoring, predictive maintenance and the Industrial Internet of Things (IIoT) to improve their customers’ reliability, operability and maintainability. “The acquisition of Monition supports our strategy of building a range of differentiated value-added solutions such as connected factory and IIoT solutions for our customers,” said Pete Malpas, Managing Director of RS Northern Europe.
“Whilst we already have an extensive range of customer solutions including calibration, eProcurement and inventory management solutions, we believe that the Monition portfolio will enable us to provide our customer base with the intelligent solutions they need to maintain their operations more effectively and as such will bring us closer to becoming first choice for our customers. We are thrilled to welcome Monition to RS and the Electrocomponents Group.”
Monition will retain its trading name and, as part of RS, will benefit from the financial strength, scale and international spread of the broader Electrocomponents Group as the business scales.
Electrocomponents – www.electrocomponents.com
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