Acquisition of CadSoft Computer GmbH
Premier Farnell announces that it has acquired the entire issued share capital
of CadSoft Computer GmbH, a leading German-based developer and supplier of
specialist computer aided design (CAD) software for design engineers and the
business of CadSoft Computer Inc., in the US.
CadSoft has operated for 20 years in its chosen market and, during that time,
has provided its CAD software, known as EAGLE, to over 40,000 design engineers,
throughout Europe and the USA building a strong reputation with this customer
base for quality and value.
Premier Farnell is a leading high service distribution group focused on the
needs of electronic design engineers and purchasing professionals globally. The
acquisition of CadSoft is an enhancement to this core strategy as the company
focuses on meeting engineers’ needs for technology, information, tools and
software, as well as internationalising its proposition and services for the
rapidly developing Asian markets.
Commenting on the acquisition CEO Harriet Green said “We are excited by the
opportunity this acquisition affords us to attract new design engineering
customers as we offer them access to industry leading software and our
outstanding range of products and support. The EAGLE software will enable us to
facilitate design exchange between engineers through element14, our design
community, which when combined with our leading edge transactional websites
offers customers a complete online solution to their purchasing and design
The shares of CadSoft Computer GmbH are being acquired from its two founders,
who developed the EAGLE software and who will remain with the business for
agreed time periods as part of the integration with Premier Farnell. The US
business and certain of its assets are being acquired from CadSoft Computer
The total purchase consideration has been satisfied in cash and consists of €7
million paid on completion and potential further payments not exceeding €5
million based on criteria specified in the sale and purchase agreement.