Multispecialist Avnet has reached agreement with the Board of Directors of Premier Farnell plc (“Premier Farnell”), the maker of the Raspberry Pi, on the terms of a recommended offer for Premier Farnell by Avnet or one of its wholly-owned subsidiaries. The all-cash offer of €2.24 per share represents an equity value of approximately €836m and a 12.1% premium over the previous offer of €2 per share by Datwyler Technical Components UK. Headquartered in Leeds, United Kingdom, Premier Farnell is a global distributor of electronic components and related products delivering engineering solutions to the electronic system design community utilizing multi-channel sales and marketing resources. The transaction is intended to be effected by means of an English court-sanctioned scheme of arrangement and is subject to satisfaction or waiver of several conditions, including the approval of Premier Farnell shareholders and the court, receipt of regulatory approvals in the European Union, United States and Israel, and other customary conditions.
"This acquisition will significantly strengthen Avnet's digital footprint worldwide. The convergence of Premier Farnell's innovative online services with Avnet's world class supply chain will create customer service unparalleled in the industry", said William Amelio, interim Chief Executive Officer of Avnet. "The talented team of people at Premier Farnell will allow Avnet to enhance our customer experience and accelerate our global growth."
Upon completion, the transaction is expected to be accretive to earnings even before considering positive effects from any synergies realized, and supports Avnet's return on capital goals.
"Premier Farnell will bolster our strategy to provide a differentiated digital experience from product ideation through its lifecycle. Premier Farnell's customers gain access to an extensive suite of supply chain services allowing them to ramp new products to production volumes. Our customers will be able to do more technical research online through the services provided by Premier Farnell", said Gerry Fay, President of Avnet's Electronics Marketing, Worldwide "Bringing these two companies together allows us to capture market share earlier in the design process. In addition to deepening our customer base, this acquisition will enhance our go-to-market strategy as we target the industrial Internet of Things with edge-to-enterprise products and solutions."
Semiconductor specialist Avnet Silica has unveiled partnerships with Arkessa, an M2M managed services provider, Spica Technologies, who offer cloud based service solutions to capture, manage and present data, and UbiquiOS, supplier of embedded software to manage local connectivity and connectivity to the cloud. Avnet Silica has also signed an additional agreement with Sierra Wireless to expand the scope of products and services to include Sierra Wireless' entire device to cloud offering. Avnet Silica now provides Sierra Wireless SIM and Connectivity services, as well as Internet of Things (IOT) cloud platform services, in addition to the existing hardware cellular module business across Europe. All these new brands and offers are available through Avnet Silica offices in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, India, Italy, the Netherlands, Norway, Portugal, Russia, Slovenia, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
With the successful launch of Visible Things at Embedded World in Germany this year, Avnet Silica endeavours to become a key partner for customers looking for the complete edge-to enterprise solutions, from the chip level design, right through development and manufacture, ending in connected intelligent devices that can be deployed, monitored and managed out in the field. "It is important to us to align to and partner with the right suppliers so we are able to offer the right technologies to support our customers", said Philippe Fremont, vice president Technical Marketing, at Avnet Silica. "These new partnerships with data connectivity, cloud services and embedded connectivity software companies along with the extension of the Sierra Wireless product range available through Avnet Silica, positions us as the most well-positioned distributor to offer a full range of technology and services to accelerate the development and deployment of edge-to-enterprise IOT projects."
Semiconductor specialist Avnet Silica offers the full range of products available from Microchip, including the additional solutions for: Automotive, Touch, Memory and Security solutions added to the Microchip portfolio after its acquisition of Atmel. Atmel products now included within the Microchip collection include the complete broad-based product portfolio that spans microcontroller, wireless, touch, automotive, security and memory solutions. Following the acquisition, Microchip has become the third largest microcontroller manufacturer worldwide. Microchip is a market leader in the Internet of Things (IOT), having added products to its wireless portfolio including WiFi, Bluetooth, BLE and other RF protocols and the complete range is available through Avnet Silica's offices in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, India, Italy, the Netherlands, Norway, Poland, Portugal, Russia, Slovenia, Spain, Sweden, Switzerland, Turkey and the United Kingdom.
"Avnet Silica continues to boast a strong partnership with Microchip that has developed over a number of years. The expansion of our portfolio of Microchip products from PIC MCUs, to touch, connectivity and Security solutions cover a huge range of market areas such as Industrial, Automotive, Aerospace and Internet of Things", said Mario Orlandi, President of Avnet Silica. "With the full range of Microchip products available through Avnet Silica, and our expert technical support, we are able to provide solutions to our customers across a wide variety of sectors."
Gary Marsh, VP Sales EMEA of Microchip commented, "For any company, innovation and differentiation is the key to prosperity. Microchip and Avnet aim to lead the quest for innovation by providing insight and knowledge to our customers with combined vision, differentiated products and services. With the recent acquisition of Atmel, Microchip is continuing to acquire and develop technologies to ensure we can provide the most comprehensive solutions for our customers and we are very happy to extend our relationship with Avnet Silica to include the entire Atmel product range. Avnet's engineering teams are already integrating solutions from the combined Microchip and Atmel portfolio into their focus market hardware and software platforms for embedded vision, security, IOT, aerospace and Datacom's to ensure customers can reduce development time and achieve their time-to-market goals. The combined portfolio enhances our already powerful lineup to provide the industry’s widest microcontroller portfolio. With thousands of PIC MCUs, MIPS, ARM AVR, connectivity and smart analog products we can help our customers design in the most optimized devices for their designs."
Avnet names Bill Amelio CEO
Multispecialist Avnet has appointed William (“Bill”) J. Amelio as Chief Executive Officer of the company. Mr. Amelio has been acting in the role of interim CEO of Avnet since July 11, 2016. Having spent most of his career in senior roles managing global technology enterprises and publicly traded companies, he brings more than 35 years of management and industry experience to Avnet.
William Schumann, Chairman of the Board said, "The board, under the leadership of the Corporate Governance Committee and with a nationally recognized executive search firm, conducted a review of both internal and external candidates that could be available and concluded that Bill is the best candidate for the CEO position. Avnet is fortunate to have someone of Bill’s character and experience. He brings energy and focus to the business, and the board unanimously agreed that making him the permanent CEO was in the best interest of our customers, employees and shareholders.”
Commenting on his new role, Mr. Amelio said, “For me, Avnet is all about passion and possibilities. We have an experienced management team and an engaged workforce comprised of talented employees who are dedicated to serving our customers, suppliers and partners. By better aligning these resources with our competitive solutions specialist, embedded and supply chain strengths, Avnet will undoubtedly be positioned to achieve profitable growth for our shareholders and deliver upon the ever growing market potential in our industry.”
Mr. Amelio was the president, chief executive officer and a director of CHC Group Ltd., an international oil-field services company, from 2010 to 2015. From 2005 to 2009, he served as president and chief executive officer of Lenovo, a multinational Fortune 500 technology company, and was previously a regional senior vice president and president, Asia-Pacific and Japan for Dell Inc. He began his career with the Microelectronics Technology Division of IBM in 1979 and later became the General Manager Worldwide Operations of the Personal Computer Division. Mr. Amelio also previously served on the Board of Directors of National Semiconductor. He has a chemical engineering degree from Lehigh University and a master’s degree in management from Stanford University.
Semiconductor specialist Avnet Memec - Silica, StarChip, a fabless semiconductor supplier of secure microcontrollers and Trusted Objects, a provider of secure firmware and security services, have signe a partnership for the deployment of an optimized security platform, encompassing a family of certified secure elements with tailored security protocols from sensor to enterprise server and unique personalization services aimed at serving every customer for the Industry 4.0 and the IoT markets. The initial solution relies on a low-cost, low-power secure 32-bit microcontroller supplied by StarChip, with a dual certification from EMVCo (Europay Mastercard Visa) and Common Criteria Evaluation Assurance Level, delivered in a 3x3 DFN6 package and other standard packages making it an easy-to-integrate companion chip in any sensor, device, or gateway.
The StarChip secure microcontroller is programmed at Avnet Memec-Silica's secure warehouse with a firmware supplied by Trusted Objects, adding a set of functions and commands tailored for the exact requirements of the customer's final application and global security architecture. The programmed secure microcontroller thus becomes a secure element with the capability to perform cryptography primitives and complex functions comprising and not limited to AES, ECC encryption, decryption, signature, secure key renewal (Diffie-Hellman), on-board key generation, true random number generation, handling of certificates, and more while never exposing secret keys to the outside world. Last but not least, this secure element is personalized with the support of Trusted Objects at Avnet Memec-Silica's secure warehouse with unique public keys, private keys, certificates and identifiers generated on-site by a dedicated HSM (Hardware Security Module) as per the security scheme required by each customer's application and global security architecture. Secure elements and, if needed, matching whitelists, are then securely made available to the customer or its manufacturing partner. Example codes implementing various secure protocols, both at the embedded and server levels, will be provided and demonstrated with Avnet Memec-Silica's Visible Things IoT platform and made readily available to our customers.
Philippe Fremont, vice-president of Technical Marketing EMEA with Avnet Memec-Silica, comments: "Whereas connecting objects, devices and machines to enterprise IS/IT enables a breadth of new services in the consumer and industrial IoT, we believe it should not jeopardize the global security of such systems. This is the reason why Avnet Memec-Silica together with our partners are proud to introduce this highly flexible innovative certified security platform able to handle end-to-end security inside and above communication networks for every one of our customers."
Hanène Maupas, vice-president of StarChip Sales & Marketing, comments: "When you open assets living in your network to the Internet, you increase the 'attack surface' because you are extending your business model to new areas, partners and user types. The security answer to this fundamental change is to protect the system against any potential attacks including obtaining private or confidential data, manipulating or controlling devices, confusing or denying service to applications that use and supply data within IOT systems and specifically in Industry 4.0 revolution. A secure element based on a secure micro controller, a secure firmware and personalized by the issuer is already widely used and proved its efficiency in different use cases such as payment, access control and e-government. Adapting this technology to be used in Industry 4.0 and IoT is the innovation that we are bringing to the market with our partners Avnet Memec-Silica and Trusted Objects."
Sami Anbouba, CEO of Trusted Objects, comments: "The broader deployment of the IoT will require trust in the connected objects and in the data transmitted; in this respect, a Secure Element solution embedded into the object is one of the most efficient security solutions to protect the entire IoT network against a growing number of attacks. We are proud to have brought our digital security expertize to co-develop with our partners Avnet Memec-Silica and StarChip a unique Secure Element solution that will enable all players in the IoT chain to dramatically increase their confidence in the objects and the data."
Avnet Silica Deutschland
Avnet Silica Deutschland
Hr. Miguel Fernandez
Handelsregisternummer : München HRB 152448