Electrocomponents plc buys Monition, adds to RS

Electrocomponents plc has today completed the acquisition of Monition, the UK-based pioneer in the design, development and application of condition monitoring systems. Monition is based in Worksop, Nottinghamshire, and will become an operating brand within the RS Technical Services operation.

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. Originally founded in 1988 by Ian Jennings, Monition has more than 30 years of operational knowledge and expertise in the reliability and condition-monitoring sector, developed in co-operation with European and UK governments, leading Universities and industry specialists. It has well-established relationships within the maintenance functions in a range of blue chip clients, particularly within the food and beverage sector.

“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.”

Mike Burrows, Managing Director of Monition, commented: “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.”

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.

Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2018 had revenues of £1.71Bn.

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