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.
Presenting to the market this electrical design, management and installation company currently located in Woking.
A renewable energy solution specialist available for sale, the company was established in 2020 and boasts a stellar reputation and customer base.
Uses natural ingredients to manufacture a comprehensive range of gift bath, body and home fragrance products for commercial and private customers. Provides a white label service where it manufactures products on behalf of other retailers. Our clients...
24
|
Apr
|
Middlesbrough metal recycling firm acquired from administration | BUSINESS SALE
Cupral Group Limited, a metal recycling business based in Mi...
24
|
Apr
|
Automotive parts supplier secures PE backing | BUSINESS SALE
Rimmer Bros, a Lincoln-based restorer and supplier of replac...
24
|
Apr
|
Kitchen firm expands construction sector offering with new acquisition | BUSINESS SALE
Nolte Kitchens UK has completed the acquisition of contracts...
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
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.