Risoul

RS Welcomes New Americas President, Douglas Moody

Retrieved on: 
Wednesday, April 19, 2023
RS, LSE, Interim, RS Group plc, Automation, Acquisition, Executive sponsor, RS Group, Risk management, Risoul

FORT WORTH, Texas, April 19, 2023 /PRNewswire/ -- RS (formerly Allied Electronics & Automation), a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of industrial product and service solutions, has appointed Interim President Douglas Moody to the role of President, Americas, on a permanent basis with immediate effect.

Key Points: 
  • RS has appointed Interim President Douglas Moody to the role of President, Americas, on a permanent basis with immediate effect.
  • FORT WORTH, Texas, April 19, 2023 /PRNewswire/ -- RS (formerly Allied Electronics & Automation), a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of industrial product and service solutions, has appointed Interim President Douglas Moody to the role of President, Americas, on a permanent basis with immediate effect.
  • RS has appointed Interim President Douglas Moody to the role of President, Americas, with immediate effect.
  • Doug joined RS Group as its Chief Services Officer in January 2022 and was appointed Interim President of RS in the Americas in November 2022.

RS Hosts Brand Launch Event

Retrieved on: 
Tuesday, February 14, 2023
LSE, Automation, Human Rights Campaign, Corporate Equality Index, Dallas, RS Group, The Dallas Morning News, Culture, Brigham Young University Museum of Peoples and Cultures, News, RS Group plc, History, CAD, Environment, Collection, Risk management, Risoul

FORT WORTH, Texas, Feb. 14, 2023 /PRNewswire/ -- RS (formerly Allied Electronics & Automation), a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of industrial product and service solutions, is celebrating the rebranding of Allied Electronics & Automation as RS with an event for employees and local media.

Key Points: 
  • FORT WORTH, Texas, Feb. 14, 2023 /PRNewswire/ -- RS (formerly Allied Electronics & Automation), a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of industrial product and service solutions, is celebrating the rebranding of Allied Electronics & Automation as RS with an event for employees and local media.
  • Today's event celebrates the rebranding of Allied Electronics & Automation as RS and the many benefits it provides.
  • Today's event celebrates this significant milestone in RS history, the newly expanded footprint of the globally recognized RS brand, and the many benefits that operating as a truly collective organization will provide for our people, customers, suppliers, communities, and shareholders.
  • The RS brand launch event is expected to welcome around 500 employees to the on-site festivities, while another 1,000 employees from RS offices in North America and all over the world are expected to engage virtually.

RS Group plc today issues a trading update for its first half ended 30 September 2022 ahead of publishing half-year results on 3 November 2022

Retrieved on: 
Thursday, October 6, 2022
Consensus, Asia-Pacific Telecentre Network, Decision-making, Movement, Electronics, EMEA, Growth, Review, RS, Platinum, Education, Consensus decision-making, Acquisition, Internet, Environment, Cryptocurrency, Renewable energy, Risoul

LONDON, Oct. 6, 2022 /PRNewswire/ -- LINDSLEY RUTH, CHIEF EXECUTIVE OFFICER, COMMENTED: "We continue to grow market share, reflecting the strength of our people, our purpose-led culture and differentiated offer. Our active inventory management to support availability, coupled with a more commercial operating model and improved pricing, lead us to expect full year revenue and adjusted profit to be slightly ahead of consensus expectations1. We remain mindful of the more challenging economic backdrop but believe we have built a strong, sustainable business that can withstand external headwinds and outperform the market. As such, we will continue to invest in our product and service solutions capability and customer experience to support our Journey to Greatness and drive profitable growth, capitalising on the significant market share opportunity we see."

Key Points: 
  • Our acquisition of Risoul remains on track and we anticipate, subject to review by the Mexican competition authorities, it will be completed by late November.
  • Average exchange rates for the year ended 31 March 2022 for euro and US dollar were 1.176 and $1.366 respectively.
  • Average exchange rates for the half year ended 30 September 2022 for euro and US dollar were 1.174 and $1.216 respectively.
  • We expect to see a negative impact of around 11 million on revenue from fewer trading days in 2022/23 compared to 2021/22.

RS GROUP PLC ANNOUNCES ACQUISITION OF RISOUL FOR US$275 MILLION

Retrieved on: 
Wednesday, August 10, 2022
Outsourcing, EPS, RS Group, EBIT, Travel, S.A, CEO, Growth, Group, EBITDA, Acquisition, Rockwell, LSE, Automation, Rockwell Automation, Maintenance, Ownership, Health, Air conditioning, RS, Sales, Risoul

FORT WORTH, Texas, Aug. 10, 2022 /PRNewswire/ -- Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, is pleased to announce an agreement to acquire Risoul y Cia, S.A. de C.V. (Risoul), a family-owned distributor of industrial and automation product and service solutions in Mexico, for a cash consideration of US$275 million (c. £228 million) on a cash-free and debt-free basis. The consideration represents an acquisition multiple of c. 12x adjusted EBIT on a 12-month basis to 30 June 2022.

Key Points: 
  • There is a strong cultural overlap between Risoul and RS Group.
  • Risoul, like RS Group, believes that having an engaged and motivated team is critical to delivering success.
  • The acquisition of Risoul by RS Group is expected to deliver significant revenue synergies.
  • We are excited about the growth opportunities we see as part of our Journey to Greatness and welcome the Risoul team to the RS Group."