Statement regarding Premier Farnell plc
Further to the previous announcements made by Dätwyler Holding AG (“Datwyler”) regarding its offer for Premier Farnell plc ("Premier Farnell"), Datwyler notes the announcements today by the Boards of Avnet, Inc. ("Avnet") and Premier Farnell regarding the cash offer for Premier Farnell made by Avnet at 185 pence per share.
Datwyler is currently considering its options and will make a further announcement in due course as appropriate.
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Datwyler Group (www.datwyler.com)
The Datwyler Group is a focused industrial supplier with leading positions in global and regional market segments. With its technological leadership and customised solutions, the Group delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. The Technical Components division is one of Europe’s foremost high-service distributors of electronic, ICT and automation components and accessories. The Sealing Solutions division is a leading supplier of custom sealing solutions to global market segments, such as the health care, automotive, civil engineering and consumer goods industries. With a total of more than 50 operating companies, sales in over 100 countries and some 7,000 employees, the Datwyler Group reported annual net revenue of some CHF1,165 million for the financial year ending 31 December 2015. The Group has been listed on the SIX Swiss Exchange since 1986 (security number 3048677).
Guido Unternährer, Head of Corporate Communications
+41 41 875 19 00
UBS Investment Bank (Financial Adviser to Datwyler):
+44 (0) 20 7567 8000