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Premier Farnell

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Premier Farnell

Premier Farnell Ltd. is a distributor of products for electronic system design, maintenance and repair throughout Europe, North America and Asia Pacific, with operations in 36 countries and trading in over 100. In October 2016, the firm was purchased by Avnet in a deal valued at approximately £691 million.

The firm was founded by Alan Farnell and Arthur Woffenden in 1939 in Leeds, England as A.C. Farnell Limited. It was first listed on the London Stock Exchange in 1966. The company was based next to Wetherby railway station, later moving into larger offices on the town's Sandbeck Industrial Estate, and in 1995, into offices in Armley.

In 1995 it acquired Combined Precision Components. As it focused on distribution, its manufacturing operations were sold the same year. In 1996 it bought the United States distributor, Premier Industrial Corporation, and changed its name to Premier Farnell.

In 2001 the firm acquired Buck & Hickman, a company which it sold in 2007. In 2006, the firm sold Kent, its specialist automotive consumables business.

In the mid-2000s, the firm developed from a catalogues and trade counter business into an e-commerce operation, under the direction of Harriet Green, CEO, who joined the business in 2006.

In 2007 the firm launched its Greater China business, Premier Electronics, with a warehouse and distribution centre in WaiGaoQiao.

Towards the end of 2008 the group began the closure of Cadillac Electric, which was part of the group's Industrial Products division. During the course of 2008 the group acquired Hynetic Electronics, an Indian distributor, and in early 2009 it acquired Microdis Electronics, an electronics distributor based in Poland. In September 2009, it announced the acquisition of CadSoft Computer GmbH, developer of EAGLE electronic design automation software, which it later sold.

In 2010, the legacy brands of Premier Electronics, Farnell and Farnell-Newark were replaced by Farnell element14 in Europe, and by Newark element14 in the US. The name was taken from silicon, the 14th element in the Periodic Table, which is widely used in electronic components such as integrated circuits and discrete semiconductors.

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