Add-on Acquisition • Retail

Woolworths Acquires Dick Smith Electronics Pty

On January 1, 1980, Woolworths acquired retailer Dick Smith Electronics Pty

Acquisition Context

This is Woolworths’ 1st transaction in the Retail sector.
This is Woolworths’ 1st transaction in Australia.

Investment Fate

Dick Smith Electronics Pty was divested to a consortium of buyers in 2012.
Dick Smith Electronics Pty went public in 2013.

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M&A Deal Summary
Date	January 1, 1980
Target	Dick Smith Electronics Pty
Sector	Retail
Buyer(s)	Woolworths
Deal Type	Add-on Acquisition

Target Company

Dick Smith Electronics Pty

Chullora, Australia

Dick Smith is an Australian consumer electronics retailer that was founded in 1968 by entrepreneur Dick Smith and became part of the Woolworths group in 1980. Today Dick Smith employs more than 4,500 people across 325 stores in Australia and New Zealand and in fiscal year 2012 reported sales of $1.6 billion.

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Buyer Overview 1

Buyer

Woolworths

Bella Vista, Australia

Category	Company
Founded	1924
Sector	Retail
Employees	202,846
Revenue	69.1B AUD (2025)

DESCRIPTION

Woolworths is a provider of retail stores services. Woolworths was founded in 1924 and is based in Bella Vista, Australia.

Deal Context for Buyer	#
Overall	1 of 9
Sector: Retail	1 of 2
Type: Add-on Acquisition	1 of 6
Country: Australia	1 of 8
Year: 1980	1 of 1

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2009-11-02	Carboxy Pty Bella Vista, Australia Carboxy Pty Ltd. is a joint venture between Woolworths and Lowe's Companies, Inc.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2009-11-02

Carboxy Pty

Bella Vista, Australia

Carboxy Pty Ltd. is a joint venture between Woolworths and Lowe's Companies, Inc.

Buy

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