DATWYLER to acquire PREMIER FARNELL

Today, the boards of Dätwyler Holding AG (“Datwyler”) and Premier Farnell plc (“Premier Farnell”) have reached agreement on the terms of a recommended all-cash offer by Datwyler for the entire issued and to be issued share capital of Premier Farnell (the “Transaction”). Premier Farnell and Datwyler are two leading distributors of electronic components with complementary product ranges and geographic market presence. The combination of Premier Farnell and Datwyler creates a leader in high-service distribution of electronic components and in doing so realises significant value for the shareholders of both companies.”

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