NIEDAX GROUP enters into a strategic partnership through the acquisition of a majority stake in R&M Electrical Group.
SOUTHAMPTON, United Kingdom – NIEDAX GROUP announces the acquisition of a majority stake in R&M Electrical Group (R&M) effective 28February 2021.
The NIEDAX GROUP has made important inroads in the electrical installation services sector. R&M is a leading electrical distributor based in Southampton and specialised in large-scale projects of EPC contractors. In addition to a number of specialist divisions and offices in the UK, R&M has overseas offices in Asia, Azerbaijan, India, Iraq, Kazakhstan, the Netherlands, the Middle East and USA.
“With extensive experience in global distribution and project supply, R&M has developed a unique range of services tailored to its customer needs", notes Bruno Reufels, CEO of NIEDAX GROUP. “From a strategic perspective, our clients are increasingly demanding a holistic offering covering all aspects of electrical supply which R&M covers exceptionally well. I am confident that our partnership will help us significantly grow our global operations”, he adds.
Brian Robinson, former Group Chairman and Founder of R&M Electrical Group, emphasises, “As founder, I am pleased that with NIEDAX GROUP, we are joining hands with a leading family business that recognises our achievements over the last three decades and will support R&M in its future growth path.”
“We are very excited about our long-term strategic partnership with NIEDAX GROUP and firmly believe that coming together will yield significant value to all stakeholders”, says, William Crook, Managing Director of R&M Electrical Group.
R&M Electrical Group
R&M Electrical Group is one of the largest independent electrical distributors and has been active globally for more than 30 years. They work across industries, and provide customised electrical solutions and products to the largest corporations in the world. R&M Electrical Group has its headquarters in Southampton, employs more than 250 employees and reported revenues of more than £100 million in the financial year 2020.