Raspberry Pi maker Premier Farnell bought by Daetwyler

The maker of the Raspberry Pi mini computer is being bought by Swiss electronics company Daetwyler Holdings for 1bn Swiss francs (£700m).

The maker of the Raspberry Pi mini computer is being bought by Swiss electronics company Daetwyler Holdings for 1bn Swiss francs (£700m).

The deal values Premier Farnell shares at 165p each. The shares soared 50% to 164p after the takeover was announced.

Daetwyler distributes more than 500,000 electronics products under brands such as Nedis.

Premier Farnell has been trying to put its business on a firmer footing in recent months. It has cut dividend payouts to shareholders, and sold its industrial products business, Akron Brass, for £186 million.

Eben Upton, the pioneer of the Raspberry Pi, was made a CBE in the Queen’s latest Birthday Honours list.

The Pi has proved hugely popular with electronics hobbyists and many children use the devices to get a taste of computer coding.

In April 2016, the Pi became the most popular British computer ever made. More than eight million have been sold since it was launched in early 2012.

The Raspberry Pi is a series of small single-board computers developed in the United Kingdom by the Raspberry Pi Foundation to promote the teaching of basic computer science in schools and in developing countries.

The original model became far more popular than anticipated, selling outside of its target market for uses such as robotics. Peripherals (including keyboards, mice and cases) are not included with the Raspberry Pi. Some accessories however have been included in several official and unofficial bundles.

November 17, 2016   Posted in: Building Businesses, Business Communications, Business Development, Business Finance, Business Growth, Business Profits, Business Sales, Business Services, Business Win, Connected Business, Growing Business, Growing Economy, Growing Jobs, New Business Development, Uncategorized

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