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Premier Farnell plc
Type Public (LSE: PFL)
Founded 1939
Headquarters London, UK
Key people Sir Peter Gershon, (Chairman)
Harriet Green (CEO)
Industry Electronics
Revenue £804.4 million (2009)
Operating income £85.4 million (2009)
Net income £51.7 million (2009)
Employees 4,100 (2009)
Website www.premierfarnell.com

Premier Farnell plc (LSE: PFL) is a leading British distributor of electronic components supporting millions of engineers and purchasing professionals globally. Premier Farnell markets and distributes a comprehensive range of products and services throughout Europe, North America and Asia Pacific with operations in 24 countries and trading in over 100. Premier Farnell is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

The group are part of the FTSE4Good Index of Corporate and Social Responsibility and are also a Gold status member participating in the Business in The Community (BiTC) Corporate Responsibility Index - a group of over 800 UK companies who are committed to having a positive impact on the environment and society.[1]

Contents

History

The company was founded by Alan Farnell and Arthur Woffenden in 1939 in Leeds under the name of A.C. Farnell Limited.[2] It was first listed on the London Stock Exchange in 1966.[2]

In 1995 it acquired Combined Precision Components.[2] As it focused on distribution, its manufacturing operations were sold in 1995.[2] In 1996 it went on to buy the Premier Industrial Corporation, a leading US distributor,[3] and in doing so changed its name to Premier Farnell.[2]

In 2001 Premier Farnell went on to acquire Buck and Hickman,[4] a company which it subsequently went on to sell in 2007.[5] Premier Farnell announced in 2006 the completed sale of Kent, its specialist automotive consumables business.[6]

In 2007 the group launched its Greater China business, Premier Electronics, with the opening of a new warehouse and distribution centre in WaiGaoQia.[7]

Towards the end of 2008 Premier Farnell began the closure of Cadillac Electric (part of the group's Industrial Products Division).[8] During the course of 2008 Premier Farnell also acquired Hynetic Electronics,[9] an Indian distributor, and in early 2009 Premier Farnell went on to acquire 'Microdis Electronics', an electronics distributor based in Poland.[10]

On September 24, 2009 they announced the acquisition of CadSoft Computer GmbH, developer of EAGLE electronic design automation software.[11][12]

Operations

The Premier Farnell group trades globally under the following company names:[13]

Awards

Premier Farnell has been awarded various awards in business [1]:

  • The Times Top 50 Where Women Want to Work (2008) - Premier Farnell has been recognised as one of the top 50 places Where Women Want to Work in the UK.
  • CorpComms Awards (2007) - Winners of the CorpComms Award for the Best use of new media as part of a communications strategy.
  • IR Society Award (2008) for Best practice communication through annual report (printed and online) FTSE 250

References

External links

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