Dätwyler Holding AG is making an offer to acquire fellow component distributors Premier Farnell for CHF 1.092 million (EUR 1 billion).
The combination of Premier Farnell and Datwyler creates a new giant in the field of distribution of electronic components. The transaction increases scale and global presence of Dätwyler, with a combined revenues of CHF 1.8 billion in the distribution business and combined revenues of CHF 2.5 billion for the new combined group.
Ulrich Graf, the Chairman of Datwyler said, “Premier Farnell and Dätwyler both have long and successful histories in high-service distribution for electronic components. By combining forces, we expect to significantly increase our competitiveness and extend our product range, facilitating a one-stop-shopping experience for our wide range of customers from a multitude of industries.”
Datwyler believes the combination with Premier Farnell represents a strong strategic fit. Both companies share very similar strategies and business models and are complementary in terms of product range, distribution channels and geographic footprint.