M&A Deal Summary

Premier Farnell Acquires AVID Technologies

On March 20, 2014, Premier Farnell acquired electronics company AVID Technologies for 13M USD

Acquisition Highlights
  • This is Premier Farnell’s 1st transaction in the Electronics sector.
  • This is Premier Farnell’s 2nd largest (disclosed) transaction.
  • This is Premier Farnell’s 2nd transaction in the United States.
  • This is Premier Farnell’s 1st transaction in Ohio.

M&A Deal Summary
Date 2014-03-20
Target AVID Technologies
Sector Electronics
Buyer(s) Premier Farnell
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

AVID Technologies

Twinsburg, Ohio, United States
AVID Technologies, Inc. provides comprehensive engineering and design services to enhance customer success in the development and creation of advanced electronic products. Company is a full service product development firm offering hardware, software and mechanical design services, PCB layout services, high-speed design analysis, and prototype assembly and testing for electronic products in the defense, medical, commercial, consumer, automotive and industrial markets.

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Buyer(S) 1

Buyer

Premier Farnell

London, United Kingdom
Category Company
Founded 1934
Sector Distribution
Employees4,500
Revenue 904M GBP (2016)
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-01 Trexon

Macedonia, Ohio, United States

Trexon is a designer and specialty distributor of high performance, ruggedized wire, cable, connectors, and assembled products. TPC's highly engineered products transmit power and signal in critical applications such as robotic manufacturing systems and temporary power for auto plants, mines, factories, and other harsh industrial environments. Trexon was founded in 1979 and is based in Macedonia, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-05 Akron Brass

Wooster, Ohio, United States

Akron Brass Co. designs and manufactures products that meet the demands of the industry and help you perform your job safely and efficiently.

Sell -
Mergr

Product

Company

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