Home >Electrocomponents agrees to acquire IESA
Electrocomponents agrees to acquire IESA
24 May 2018
Electrocomponents has has reached an agreement to acquire IESA, a UK-based provider of value-added outsourcing services to industrial customers, for £88 million.
It is reported that the acquisition of IESA will enhance and accelerate the Electrocomponents Group’s value-added services offering, giving it additional capabilities to service corporate customers who choose to outsource their maintenance, repair and operations (MRO) and other indirect purchases and inventory management.
IESA provides outsourced procurement, inventory and stores management services, in addition to transactional processing services (P2P) to manufacturing and process industries. Its fully integrated indirect supply and comprehensive stores solutions complement the Electrocomponents Group’s existing product and value-added service capabilities, giving it a full-service end-to-end solution for customers. IESA’s services allow customers to improve their efficiency and consolidate their indirect procurement vendor base via a cloud-enabled proprietary marketplace solution, MyMRO.
IESA will be run as a separate business unit within Electrocomponents, with the existing IESA CEO, Glenn Timms, reporting to the CEO of the Electrocomponents Group, Lindsley Ruth. As part of Electrocomponents, IESA and its customers will benefit from the scale and international reach of the broader Group. In addition, the Group’s relationships with international suppliers will enable IESA to enhance its offering to its customers, whilst at the same time accelerating its international presence and digital capabilities.