Avnet finishes purchase of Premier Farnell

Considerably stretches consumer base and digital footprint globally

Avnet Inc. has accomplished its acquisition of Premier Farnell plc in an all cash merging, as permitted by Premier Farnell shareholders representing 99.9% of the votes cast and has obtained all regulatory approvals.

“The collaboration of Premier Farnell with Avnet’s components business will establish a totally distinctive distribution model that facilitates clients at each and every stage of the product life-cycle,” says William Amelio, CEO of Avnet. “By merging our in-depth knowledge of huge volume broadline distribution with Premier Farnell’s expertise in proof of concept and design, we are able to provide perfect end-to-end solutions which speed up  customers’ time to market and moves their products effortlessly from prototype right through to mass production,” Amelio adds. “Since technology gets to deeper into more products and creativity proliferates through the internet of things(IOT), the capability to obtain a broader base of engineers earlier in the design process will be important to our future expansion and achievement.”

Based in Leeds, Great Britain, Premier Farnell is a worldwide supplier of electronic components which uses a digital platform to offer designers and engineers with the most up-to-date products, services and development software program. The corporation supports a registered community of greater than 430,000 users in 36 countries with multi-channel marketing and sales resources that merge conventional field sales and contact resources with revolutionary ecommerce interfaces.