HomeElectronics NewsPremier Farnell a.k.a Element14 Could Be Bought By Avnet

Premier Farnell a.k.a Element14 Could Be Bought By Avnet

U.S. electric component distributor Avnet has agreed to buy Premier Farnell Plc, the British maker of the Raspberry Pi single board computer, for 691 million pounds.

This is the second company in the road to being bought out after ARM, as a result of “Brexit”. Ever since Britain voted to leave the European Union on June 23, overseas firms have flocked to Britain in search of deals made cheaper by the sharp decline in the pound.

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It also comes close behind Avnet’s competitor Arrow preparing to buy UBM’s electronics and technical media portfolio of products for $23.5 million.

If the deal to buy Premier Farnell, whose low-cost computers help millions get online and learn coding, goes through, it will be Phoenix-based Avnet’s largest ever acquisition. Premier Farnell said its board planned to recommend Avnet’s offer and drop its support for Daetwyler’s bid.

 

Dilin Anand
Dilin Anand
Dilin Anand is the Senior Vice President at Electronics For You Group, where he plays a key role in connecting the global engineering ecosystem with India’s rapidly evolving electronics and technology landscape. A core member of the EFY editorial team since 2011, he has been instrumental in shaping content, strategy, and industry engagement across the group’s platforms. With over a decade of experience in technology publishing and ecosystem building, Dilin focuses on bridging the gap between engineers, innovators, and industry stakeholders. His work spans editorial leadership, strategic partnerships, and initiatives aimed at empowering the engineering community with relevant, high-quality knowledge and opportunities. He has also completed the Venture Advancement Program in Entrepreneurship and Entrepreneurial Studies at Massachusetts Institute of Technology, strengthening his perspective on innovation, startups, and technology-driven growth. Dilin is particularly passionate about enabling knowledge exchange, fostering collaboration, and supporting the growth of India’s engineering ecosystem through impactful content and initiatives.

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