Press Releases
RS Components and SKF strengthen their business relationship
New agreement will broaden RS portfolio, starting with new bearings, seals and power transmission
London, UK, 23 October 2019:
RS Components (RS), the trading brand of Electrocomponents plc (LSE: ECM), a global multi-channel provider of industrial and electronic products and solutions, has signed a new direct supply agreement with Swedish bearing manufacturer SKF. The agreement will enable RS to undertake a rapid SKF range expansion, focusing first on power transmission products, bearings and seals for industrial design and maintenance engineers.
Founded in Gothenburg in 1907, SKF is the world's largest bearing manufacturer and one of Sweden’s largest companies, employing over 44,000 people around the world. It supplies bearings for a range of industrial and automotive applications, as well as being a development partner with, and sponsor of, the Ferrari Formula One team.
Besides bearings, seals and power transmission products, SKF manufactures a wide range of industrial lubricants and lubrication systems, condition monitoring solutions, tools, and other maintenance products.
“By strengthening our already well-established business relationship with SKF through greater direct engagement, we intend to build a much broader product portfolio to offer to our customers,” said Kristian Olsson, Vice President Industrial
Automation and Control at RS. “Our increased commitment will make our SKF offer the strongest available on a pan-European basis.”
Michael Crean, Director Industrial Sales, South West Europe at SKF, commented: “With this agreement we clearly recognise the strength of RS within the distribution business. Its combination of digital and field sales capabilities delivers additional value and complements our existing partners well. Working more closely with RS will enable SKF to reach a broader customer base in a wider range of markets.”
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About RS Components
RS Components is a trading brand of Electrocomponents plc. We offer more than 500,000 industrial and electronic products, sourced from over 2,500 leading suppliers, and provide a wide range of value-added services to over one million customers. With operations in 32 countries, we ship more than 50,000 parcels a day.
We support customers across the product life cycle, whether via innovation and technical support at the design phase, improving time to market and productivity at the build phase, or reducing purchasing costs and optimising inventory in the maintenance phase. We offer our customers tailored product and service propositions that are essential for the successful operation of their businesses and help them save time and money.
Electrocomponents is listed on the London Stock Exchange and in the last financial year ended 31 March 2019 reported revenue of £1.88 billion. Electrocomponents has seven operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA and Monition.
For more information, please visit the website at https://uk.rs-online.com/web/.
Editorial Contact:
Aakriti Kaushik
PR Manager – Northern Europe
RS Components
aakriti.kaushik@rs-components.com
PR Agency Contact:
Janice Fenton
Account Director
Publitek Technology PR
janice.fenton@publitek.com
+44 (0) 1225 470000
Further information is available via these links:
Twitter: @RSComponents; @designsparkRS
Linkedin: www.linkedin.com/company/rs-components
RS Components
www.rs-online.com
DesignSpark
www.rs-online.com/designspark
Electrocomponents plc
www.electrocomponents.com
