Formed in 1996, Premier Farnell plc is a leading multi-channel, high service distributor 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, with approximately 4,100 employees worldwide. Serving a global customer base of more than 2 million customer contacts worldwide, the Group stocks in excess of 400,000 electronic products, has access to 4 million more and represents 3,500 manufacturer brands. The Group's multi-channel approach includes fully transactional websites, contact centres, field sales force, trade counters, branch network, catalogues and direct mail. Companies within the Premier Farnell Group include Farnell, Newark, CPC, Premier Electronics, Farnell-Newark, MCM, Akron Brass and TPC Wire & Cable.
Headquartered in London and listed on the London Stock Exchange, the Group recorded sales for the financial year ended 1st February 2009 of £804.4 million and operating profit of £85.4 million.
Premier Farnell is organised into the Marketing and Distribution Division and Industrial Products Division.
Since we announced the outcome of our strategic review in October 2006 we have been driving ahead with the implementation of our plans. Our strategy is simple. We will deliver sustained, profitable growth through focusing on the Electronic Design Engineer (EDE) market segment globally, internationalising our business model to expand into new territories, driving more business through the web and maintaining our important Maintenance, Repair and Operations (MRO) base