Mon, 24 Mar 2025 | BUSINESS SALE
Pan-European industrial distributor Rubix has bought ERIKS UK & Ireland.
Rubix is a multi-specialist, providing products and services, backed by a growing digital business. It has over 750 locations across 22 countries. With a turnover of €3.15 billion in 2023, it is Europe’s largest supplier of industrial maintenance, repair and overhaul (MRO) products and services.
ERIKS UK & Ireland is an industrial distributor with a specialist flow technology offer, including hoses, valves, sealing and gaskets, as well as associated technical services such as customisation and repair.
Rubix said this complementary acquisition brings together two multi-specialist industrial distributors offering a broad range of products and services, while extending the Rubix offer in flow technology.
Commenting on the agreement, Vince McGurk, CEO Rubix UK, Ireland and Iceland said: “The highly complementary offers provide the opportunity to deliver a more comprehensive solution to the needs of our customers. The strong fit, shared values and commitment to meeting customer needs would make this a very positive move for the manufacturing sector across the UK and Ireland, and I look forward to working with my new colleagues in the future.”
Franck Voisin, Group CEO at Rubix added: “We look forward to welcoming our new colleagues to the Group. Our consistent approach to industrial distribution, driven by providing multi-specialist technical expertise and specialist services to all our customers, will enable the creation of an even stronger combined business in the UK and Ireland.”
He said the transaction represents a meaningful step in the development of the group. Through this acquisition, Rubix UK, Ireland & Iceland would become the company’s second largest regional market with combined annual revenues in excess of €850 million.
Pamela Bingham, CEO ERIKS UK & Ireland, added: “This partnership delivers exciting opportunities for both organisations. The combination of our product and service offerings will significantly enhance our ability to meet the ever-changing and diverse needs of our customer base.”
The transaction, which is subject to customary regulatory approvals, is expected to complete within the calendar year, once these approvals have been obtained
This is a unique opportunity to acquire a well-established UK-based designer and manufacturer of high-quality modular building solutions, renowned for serving diverse sectors such as education, healthcare, and commercial industries.
This is a unique opportunity to acquire a distinguished metal finishing and fabrication business well-known for its quality, reliability, and comprehensive range of finishes.
This food tech company has developed proprietary technology to upcycle crop waste into functional ingredients that promote sugar reduction, fibre fortification, and gut health.
|
21
|
|
Aug
|
Mindler acquires UK telecare services division of Ieso Digital Health | DIVISION SALE
Swedish digital therapy company Mindler has acquired the UK ...
|
21
|
|
Aug
|
Starling Bank has acquired UK fintech company Ember | BUSINESS SALE
London based Starling Bank has acquired a UK fintech company...
|
21
|
|
Aug
|
Premier Tech buys two businesses to expands services in wastewater treatment | BUSINESS SALE
Wastewater treatment company Premier Tech has recently expan...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.