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Daetwyler to Buy Raspberry Pi Computer Supplier Premier Farnell

Ken Hsu in Blogs on June 14, 2016

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Daetwyler Holding AG agreed to buy the U.K. supplier of the Raspberry Pi mini-computer Premier Farnell Plc for 615 million pounds ($871 million) in a deal aimed at consolidating the fragmented European electronic-components distribution market. Investors will get 165 pence in cash for each Premier Farnell share, about a 51 percent premium to Monday’s closing price, the company said in a statement Tuesday. 

They will also receive the proposed final dividend of 3.6 pence a share. Stock in the U.K. supplier of the credit-card sized computers that sell for as little as $5 surged as much as 50 percent, while Swiss industrial-parts provider Daetwyler fell as much as 6 percent. 

"The acquisition is in line with Daetwyler’s strategy and strengthens significantly its position in high-service electronic components distribution,” said Fabian Haecki, an analyst at Vontobel. "This transaction comes however at a steep price. Still, we like the strategic rationale."


source: The Wall Street Journal

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Ken Hsu in Blogs on June 14, 2016

About Ken Hsu

(866) 506-8829

Why partner with Symmetry Electronics? Symmetry's technical staff is specially trained by our suppliers to provide a comprehensive level of technical support. Our in-house Applications Engineers provide free design services to help customers early in the design cycle, providing solutions to save them time, money and frustration. Contact Symmetry for more information.

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