Electrocomponents acquires Monition 04 February 2019
On 31 January, Electrocomponents (trading brands RS Components, Allied Electronics & Automation and IESA), a global multi-channel provider of industrial and electronic products and solutions, completed the acquisition of Monition, a UK-based pioneer in the design, development and application of reliability and condition-monitoring systems.
Monition will initially operate as an extension of the technical services operation within the RS Northern European sub-region of EMEA. This acquisition will aim to enhance the existing range of value-added solutions RS offers its customers.
Monition provides managed services in areas such as condition monitoring, predictive maintenance and the Industrial Internet of Things (IIoT) to improve customer reliability, operability and maintainability.
Pete Malpas (pictured), MD of RS Northern Europe, says: “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.
“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.”
Mike Burrows, MD of Monition, adds: “We are extremely excited to become part of RS and the broader Electrocomponents Group. We share a common vision to deliver high-quality, innovative maintenance solutions to our customers. Being part of a larger group will bring Monition benefits of scale and additional resources, which will help us accelerate the design and development of cutting-edge maintenance engineering solutions to address Industry 4.0 and digital manufacturing needs.”
RS Components (UK) Ltd
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