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July 8, 1990

ELECTROCOMPONENTS TIDIES THINGS UP DOWN UNDER WITH RADIOSPARES ACQUISITION

By CBR Staff Writer

London SW1-based Electrocomponents Plc has bought Radiospares Components Pty Ltd of Perth, Australia for UKP7.2m in cash. Radiospares is the exclusive distributor in Australia for Electrocomponents subsidiary RS Components. In its last financial year Radiospares made an operating profit equivalent to UKP1.5m on turnover of UKP6.4m. The acquisition forms part of Electrocomponents’ plan to expand RS Components in the world-wide market.

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