Raspberry Pi manufacturer purchased for £615m
Leeds-based Premier Farnell, the company behind the £20 mini-computer, is to sell itself to Swiss firm Dätwyler
The manufacturer of the Raspberry Pi – the affordable mini-computer pioneered by Startups Awards-winning Raspberry Pi Foundation – is to be bought for £615m by Swiss industrial components manufacturer Dätwyler Holdings.
Designed to get young people interested in coding, the credit card-sized £20 Raspberry Pi computer was founded in 2009 by the Raspberry Pi Foundation, the Startups 100-listed non-profit start-up headed up by Eben Upton CBE (pictured), where it was initially manufactured in China.
Leeds-based Premier Farnell took over manufacturing of the Raspberry Pi later in 2012 when it agreed a deal with Sony to manufacture in the UK.
Founded in 1939 and listed on the stock exchange, Premier Farnell specialises in the production of electronics components and also has an industrial products arm.
Premier Farnell’s purchase by Dätwyler values its shares at 165p each.
Premier Farnell’s chief executive, Jos Opdeweegh, commented:
“I am pleased we have reached an agreement with Dätwyler on the terms of a recommended offer for Premier Farnell. I believe the combination of the two companies represents a strong strategic fit and is highly attractive for customers, shareholders and colleagues.”
Find out more about the Raspberry Pi Foundation here.