REXEL IndiaConcludes Amalgamation of Yantra Automation & AD Electronics
Becomes
the No. 1 Electrical & Technical Automation Distributor in India
Mumbai : REXEL India Pvt. Ltd. announced the amalgamation
of two distributors of Rockwell Automation namely Yantra Automation Pvt. Ltd.
and AD Electronics Pvt. Ltd. with REXEL India Private Limited, making it the No. 1 Electrical &
Technical Automation Distributor in India. REXEL India
is largest technical automation distributor in country today with sales
exceeding 210 crores, presence in 16 states, 25 locations, 240 employees and 10
stocking points.
Commenting on
this, Mr. Vikas Garg, Managing Director, REXEL India Pvt. Ltd. said, “With
this amalgamation concluded, REXEL will be able to serve a large base of customers
much better and will also improve the professional distribution of Electrical
and Automation supplies across vast geography of India. We have been growing at
a CAGR of 22% last 4-5 years and we are hoping to reach a turnover of Rs. 500
crores by 2018.”
“REXEL India
Mission is to support its customers to be at their best in running their
business, by providing a broad range of innovative products and services in the
field of industrial automation, energy management, supply chain consolidation
and electrical supplies. We bring to India our global expertise and aim to be
the best technical distributor for our customers, our suppliers and our
employees, delivering reliability, proximity and expertise,”added Mr. Vikas Garg, Managing Director, REXEL India Pvt. Ltd.
REXEL India Pvt.
Ltd. acquired Yantra Automation and AD electronics in 2011 as JV partner with
74% stake and thereafter as per the agreement bought out the balance 26% from
owners in the next 3 years’ time. Yantra Automation Pvt. Ltd. and AD
Electronics Pvt. Ltd. with REXEL India Private Limited, both the companies, both
companies became 100% REXEL subsidiaries effective 1st April 2014. In
the last year, REXEL completedby backend integration on ERP, common Email IDs, Branding
etc. completed some approvals from the High Court for legal merger as they both
were separate legal entities.
Mr. Mitchell Williams, CEO of REXEL Asia Pacifichas come to India for this event as we are unveiling new REXEL Logo.
Mr Williams said “This integration forms the largest and the best automation
distributor in India. We at Rexel are very proud of our India team who has made
this possible and we look forward to a long and fruitful association with India
. Besides REXEL senior
leadership team from Shanghai Mr Steve
Gomoll - Regional Director - Market Access, Asia Pacific from Rockwell
Automation said “Rexels investment in West India is exactly what Rockwell is
looking for in their partners to supply superior service to our mutual customer.”
Rexel, a global
leader in the professional distribution of products and services for the energy
world, addresses three main markets - residential, commercial and industrial.
The Group supports its customers to be at their best in running their business,
by providing a broad range of sustainable and innovative products, services and
solutions in the field of technical supply, automation and energy management.
REXEL operates through a network of some 2,100 branches in 35 countries, with
28,000 employees. The Group’s sales were €13.5 billion in 2015.
REXEL India’s mission
is to support its customers to be at their best in running their business, by
providing a broad range of innovative products and services in the field of
industrial automation, energy management, supply chain consolidation and
electrical supplies. REXEL brings to India their global expertise and aim to be
here the best technical distributor for their customers, their suppliers and their
employees, delivering reliability, proximity and expertise.
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