M&A Deal Summary

Avnet Acquires Premier Farnell

On July 28, 2016, Avnet acquired distribution company Premier Farnell for 691M GBP

Acquisition Highlights
  • This is Avnet’s 32nd transaction in the Distribution sector.
  • This is Avnet’s largest (disclosed) transaction.
  • This is Avnet’s 9th transaction in the United Kingdom.

M&A Deal Summary
Date 2016-07-28
Target Premier Farnell
Sector Distribution
Buyer(s) Avnet
Deal Type Add-on Acquisition
Deal Value 691M GBP

Target

Premier Farnell

London, United Kingdom
Premier Farnell plc is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The company supports a registered community of more than 430,000 members in 36 countries with multi-channel sales and marketing resources that combine traditional field sales and contact resources with innovative ecommerce interfaces.

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Buyer(S) 1

Buyer

Avnet

Phoenix, Arizona, United States
Category Company
Founded 1921
Sector Distribution
Employees15,800
Revenue 26.5B USD (2023)
DESCRIPTION
Avnet's corporate headquarters in Phoenix, Arizona.
Avnet's corporate headquarters in Phoenix, Arizona.

Avnet is a distributor of electronic components, computer products, and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. Avnet was founded in 1921 and is based in Phoenix, Arizona.

DEAL STATS #
Overall 74 of 78
Sector (Distribution) 32 of 32
Type (Add-on Acquisition) 64 of 68
Country (United Kingdom) 9 of 9
Year (2016) 2 of 3
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-07 ExitCertified

Ottawa, Ontario, Canada

ExitCertified provides instructor-led training both online via its market-leading Live Virtual training platform and in-person at training centers and customer locations. The company is known for its IT training solutions including CloudCentrix, a training suite that simplifies how various cloud technologies automate and transform the way organizations work. The CloudCentrix suite presents various categories of commercial and open-source technologies, architectural techniques, and IT training solutions to help organizations get the most out of their cloud investment. ExitCertified was formed in 2001 and is based in Ottawa, Ontario.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Avnet - Technology Solutions

Phoenix, Arizona, United States

Avnet, Inc. - Technology Solutions is a provider of value-added distribution, delivering superior technology solutions, services, software, and hardware across the data center.

Sell $2.6B
Mergr

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Company

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