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Electrocomponents plc Acquires Synovos for $145M
The agreement with Synovos will give the newly combined organization an even stronger position with global clients in a range of industries, including life sciences, consumer health, chemicals and more.
December 16, 2020
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Integrated supply chain management services provider Synovos, based in Radnor, Pa, has completed a $145 million sale to Electrocomponents plc, a global solutions provider based in London. This acquisition will create a single company that excels in offering maintenance, repair and operations (MRO) and supply chain services to Europe, North America and a fully global marketplace.
The transaction is being completed on a debt-free, cash-free basis and is expected to close in the first quarter of 2021.