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  5. Woolworths Acquires Dick Smith Electronics Pty

M&A Deal Summary

Woolworths Acquires Dick Smith Electronics Pty

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 1980-01-01
Target Dick Smith Electronics Pty
Sector Retail
Buyer(s) Woolworths
Deal Type Add-on Acquisition

Target

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(S) 1

Buyer

Woolworths

Bella Vista, Australia
Category Company
Founded 1924
Sector Retail
Employees202,846
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 STATS #
Overall 1 of 9
Sector: Retail M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 6
Country: Australia M&A 1 of 8
Year: 1980 M&A 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.

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