Premier Farnell PLC has agreed to be purchased by Daetwyler Holding AG, a Swiss supplier of electronic components, for $877.7 million.

Curtis Franklin Jr., Senior Editor at Dark Reading

June 14, 2016

2 Min Read
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One of the largest manufacturers of Raspberry Pi computers agreed to be acquired, bringing to an end the British-owned manufacture of the incredibly popular tiny computer. Premier Farnell PLC, based in Leeds, began manufacturing Raspberry Pi systems in 2012. It is being purchased for $877.7 million by Daetwyler Holding AG, a Swiss supplier of electronic components.

Premier Farnell, which was founded before World War II, had become a conglomerate, selling parts and components ranging from fire-fighting equipment to printed circuit boards. After a series of earnings warnings last year, the company began to divest non-electronic businesses, finishing the process by agreeing to be acquired by Daetwyler earlier today.

According to statements from both companies, the expectation is that the combination will allow significant operational savings as the result of combined back-office and support departments. Daetwyler, founded in 1915, is the larger company, with a current value of around $2.35 billion.

[Small projects don't require a Raspberry Pi. Read 9 Fun Embedded Projects, No Raspberry Pi Required.]

The $877.7 million price agreed to for Premier Farnell is a significant premium on the company's pre-purchase valuation. As is common in purchase situations, Premier Farnell's share price rose in trading after the agreement was announced, shooting up by nearly 50% before settling back slightly, while Daetwryler's share price dropped by around 4% in the same time.

Neither company has made a statement about the future of Raspberry Pi production, though it is unlikely that customers would see any immediate change in availability or configuration. In statements made regarding the acquisition, Daetwyler said that the purchase will strengthen its position in design engineering and maintenance. The two companies together should be in a stronger financial position, making it less likely that the market for tiny Linux-based computers will see any significant disruption.

About the Author(s)

Curtis Franklin Jr.

Senior Editor at Dark Reading

Curtis Franklin Jr. is Senior Editor at Dark Reading. In this role he focuses on product and technology coverage for the publication. In addition he works on audio and video programming for Dark Reading and contributes to activities at Interop ITX, Black Hat, INsecurity, and other conferences.

Previously he was editor of Light Reading's Security Now and executive editor, technology, at InformationWeek where he was also executive producer of InformationWeek's online radio and podcast episodes.

Curtis has been writing about technologies and products in computing and networking since the early 1980s. He has contributed to a number of technology-industry publications including Enterprise Efficiency, ChannelWeb, Network Computing, InfoWorld, PCWorld, Dark Reading, and ITWorld.com on subjects ranging from mobile enterprise computing to enterprise security and wireless networking.

Curtis is the author of thousands of articles, the co-author of five books, and has been a frequent speaker at computer and networking industry conferences across North America and Europe. His most popular book, The Absolute Beginner's Guide to Podcasting, with co-author George Colombo, was published by Que Books. His most recent book, Cloud Computing: Technologies and Strategies of the Ubiquitous Data Center, with co-author Brian Chee, was released in April 2010. His next book, Securing the Cloud: Security Strategies for the Ubiquitous Data Center, with co-author Brian Chee, is scheduled for release in the Fall of 2018.

When he's not writing, Curtis is a painter, photographer, cook, and multi-instrumentalist musician. He is active in amateur radio (KG4GWA), scuba diving, stand-up paddleboarding, and is a certified Florida Master Naturalist.

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