14. June 2016

Datwyler to acquire Premier Farnell

for an enterprise value of CHF1,092  million in a recommended all-cash offer

Today, the boards of Dätwyler Holding AG ("Datwyler") and Premier Farnell plc ("Premier Farnell") have reached agreement on the terms of a recommended all-cash offer by Datwyler for the entire issued and to be issued share capital of Premier Farnell (the "Transaction"). Premier Farnell and Datwyler are two leading distributors of electronic components with complementary product ranges and geographic market presence. The combination of Premier Farnell and Datwyler creates a leader in high-service distribution of electronic components and in doing so realises significant value for the shareholders of both companies.

Transaction highlights

Premier Farnell is a leading multi-channel, high-service electronic components distributor, marketing and distributing a comprehensive range of products and services and solutions globally. The transaction is in line with and supports Datwyler’s stated strategy:

  • Complementary product ranges and geographic footprints strengthen our position as a leading high-service electronic components distributor
  • Increases scale and global presence, with combined revenues of c. CHF1.8 billion in the distribution business and combined revenues of c. CHF2.5 billion for the new combined group
  • EPS accretive from year one (before any impact of synergies and implementation costs)
  • Expected run-rate synergies of CHF50-70 million p.a. on an EBITDA level by the end of 2019

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