REXEL India concludes amalgamation of Yantra Automation & AD Electronics

July 11, 2016 5:32 pm

  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 on 27th June making it the No. 1 electrical and technical automation distributor in India. It is the largest technical automation distributor in the country today with sales exceeding 210 crores, presence in 16 states, 25 locations, 240 employees and 10 stocking points.
Commenting on this, 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 per cent 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 its best in running the 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 Garg.
REXEL India acquired Yantra Automation and AD electronics in 2011 as JV partner with 74 per cent stake and thereafter as per the agreement bought out the balance 26 per cent from owners in the next 3 years’ time. Yantra Automation and AD Electronics with REXEL India, both the companies became 100 per cent REXEL subsidiaries effective 1st April 2014. In the last year, REXEL completed by backend integration on ERP, common email IDs, branding etc. completed some approvals from the High Court for legal merger as both were separate legal entities.
Mitchell Williams, CEO of REXEL Asia Pacific has come to India for this event as are unveiling new REXEL Logo, 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.”