Tue, 14 Jun 2016 | BUSINESS SALE
The manufacturer of the most popular British computer, the Raspberry Pi, has been bought out by a Swiss technology and electronics company.
The deal, which is worth 1 billion Swiss francs (£700 million), will see Raspberry Pi manufacturer Premier Farnell being acquired by Daetwyler Holdings. The Swiss-based industrial supplier valued shares in the London-based Premier Farnell at 165p each, with shares in the computer company rising 45 per cent to 162p after the announcement was made.
In an effort to put the company on a surer financial footing in recent months, Premier Farnell cut the dividends to shareholders and sold its industrial parts division Akron Brass for just under £160 million.
Premier Farnell has sold more than eight million Raspberry Pi computers since it was launched in 2012. The three models released so far have proved popular with education institutions and computer hobbyists due to its remarkably simple, stripped-back design. In April 2016, the Raspberry Pi became the most popular British-made computer ever made.
Ulrich Graf, the chairperson for Daetwyler Holdings, said of the deal: “Premier Farnell and Daetwyler Holdings both have long and successful histories in high-service distribution for electronic components.
“By combining forces, we significantly increase our competitiveness and extend our product range, facilitating a one-stop shopping experience for our wide range of customers from a multitude of industries.”
For more information, see more technology businesses for sale.
Indoor trampoline park offering a wide variety of activities including, dodgeball, battlebeam, jump tower, interactive wall, bouldering wall, inflatables, Ninja warrior, basketball, toddler area, mini football pitch, dance school, tricking classes, s...
LEASEHOLD
Viewing: Thursday 23 May 2019 between 9am and 12 Noon. (By appointment only). Closes From 12 Noon Tuesday 28 May 2019.
Formal offers for the business as a whole to be received no later than 12 noon on Friday 24 May 2019. An opportunity exists to purchase the business and assets of a Recruitment Agency Start-up Business.
|
17
|
|
May
|
Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
|
16
|
|
May
|
Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
|
15
|
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources