Electrocomponents

Electrocomponents plc is a British-based distributor of industrial and electronics products. It is headquartered in Pancras Square London, England and is a constituent of the FTSE 250 Index.

Electrocomponents plc
TypePublic
LSE: ECM
IndustryElectronic components
Founded1937
HeadquartersLondon, England
Key people
Peter Johnson, Chairman
Lindsley Ruth, CEO
Revenue£1,884.4 million (2019)[1]
£201.0 million (2019)[1]
£148.1 million (2019)[1]
Number of employees
6,603 (2019)[1]
Websitewww.electrocomponents.com

History

The company was founded by J.H. Waring and P.M. Sebestyen as Radiospares selling spare parts for radios in London in 1937.[2] It was first listed on the London Stock Exchange as Electrocomponents in 1967.[2] It acquired Allied Electronics, a US-based distributor, in 1999[2] and bought IESA, a British-based provider of outsourcing services to manufacturing and process industries, in 2018.[3]

Operations

Electrocomponents is a distributor of industrial and electronics products, serving over 1 million customers in more than 80 countries.[4] The company distributes over 500,000 products, including electronic components, electrical, automation and control, and test and measurement equipment, and engineering tools and consumables, sourced from 2,500 suppliers.[4] The company trades under the brands:

Awards
  • 2017 - Electrocomponents won Turnaround of the Year Award at the PLC Awards 2016.[7]
  • 2014 - Electrocomponents was named UKTI Digital Business of the Year at the 2014 National Business Awards.[8]
  • 2012 - Electrocomponents was presented the Queen's Award for Enterprise for continuous achievement in international trade.[9]

References
  1. "Annual Report and Accounts 2019" (PDF). Electrocomponents. Retrieved 1 March 2020.
  2. "History". electrocomponents.com. Retrieved 27 June 2018.
  3. IESA agrees to be acquired by Electrocomponents plc
  4. "Investor centre". electrocomponents.com. Retrieved 27 June 2018.
  5. "RS Components Scoop Top UK Award for Online Investment". National Business Awards. Archived from the original on 2003-12-19. Retrieved November 19, 2013.
  6. "Hitaltech announce distribution agreement with Allied Electronics". ECNmag.com. Retrieved 25 January 2015.
  7. "Winners - PLC Awards 2016". Retrieved 28 June 2017.
  8. "Winners of the National Business Awards 2014". Archived from the original on 21 June 2015. Retrieved 5 June 2015.
  9. "2012 Winners - The Queen's Awards For Enterprise Magazine". queensawardsmagazine.com. Archived from the original on 15 January 2015. Retrieved 28 March 2015.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.