ADI Acquires 11 Location Norfolk Wire & Electronics
ADI is adding 11 branches in the USA, acquiring Norfolk Wire & Electronics.
What does this mean for ADI's position in the USA? Based on extensive feedback ADI provided to IPVM on this deal, we examine the move and its competitive impact.
Norfolk **** & *********** **********
******* *** ** ********* ******* **** Pennslyvania **** ** *******, **** *** heaviest ************* ** ******** *** *** Carolinas, ** **** *** **** ******* to **** *** ******* *********:
*** *** *********** ********* **** ******* Wire ** *******, *********, **********, ******* and ********.
******* **** *** ************ *********** ** more '****' *** **** **** ******** but ******* **** **** **** ******** including *****.***, *********, *** *****.
ADI's *********
*** ********* ** **** **** **** have *** ***** ******** ********* ***** to **** **** ******:
*** *** *** ****** ********* ** serve ********* ****** ***** *******; *** branches ** ***** *******, ** ******** in ******. ************, *** *** **** distribution ******* ************* ******* ** ****** local ******** ****** ***** ******* ** all *****.
Rationale - ****-** / ******** **********
*** **** **** **** **** *** part ** * ******** ** '****-**' acquisitions *** ******** **********.
*** ******* **** & *********** *********** is ********* *** *** ** **** of *** ******* ******** ** ******** and ******* ****-** ************ **** ***** compelling ****** *************, *** ********** *** expansion ** ******** **********. ** ********** key ****** ************* *** *** ****** Data **************, *********** ** *** *** AV, *** **** ******** ** ****** additional ****-** *&* ********** ************* ****** these *******. ************, ** ******** *** Herman ***** ** ** **** ** ADI ****** ************ ** ****.
Price *** ********* / ******** ** ** ***
*** ********* **** *** *********** ***** was *** *********. ** ***** ******** it ** ** ** *** ~$** million ***** ** ************ ********* *** typically *** ********** *** *** ******* and *** ******* ******.
Become *** *******
*** ********* **** *** ******* ******** will ** ******* ** *** '** the ******'.
Overlapping ******** ******?
**** * ****** ** ******** ***********, one ****** ******** ** *********** ************. ADI ******* * ******** ****** ***** analyzing ****:
** * ****** ******** ********, *** regularly ******** * ****** ******** ** its ******* *********, ******** *********, ****** demographics *** ****** ***** ** *** branches. ** ** **** ** ********* the **********, ** **** ******* **** analysis ** ****** **'* ******* *** customer **** ****** *** ******, *** will **** *********** ** ********** ** necessary.
Adding ** ***'* ************
*** ********* **** ***'* ************ **** be ***** ** *******:
******* ********* **** **** *** **** access ** ***'* ***** ***** ******** including *** **** ********* ** *** brands *** ********* ******* ************, *** Systems ****** *** *********** ********, ****** ordering ******* *** ******* ******, *** more.
Expanding **** **** **************
*** ********** ****, ****** *** ******** expansion, **** ***** **** *** ****** into **** **************:
**** *********** ****** **** ***'* ******* portfolio *** ******* *** ******** ** the **** ************** ******. *******'* ******** team, ******** *** ******** ************ ************* complement *** ********, *** **** **** make *** *** ************* ******* ** choice *** **** **************.
Dominance ** ** ********
**** ****** **** *** ******* *** the ******* ******** ************ ****** ******* in *** ** (******* ** ****** but **** * ******** ***). ****** these ********, **** ** *** ******* some ** *** ** *** *********** branches *** ******, **** ********** ********** ADI's ******** ****.
***** ********* ********* ** **** ** the ******* *******, ******** ****** ** important ************** ** *** ******** ***** for ***** ******* ** ******* ***** access ** ******** ****** *** ****, local ***** *** ********, ********, ***.
********* ** *** **** ***** ******** cabling *********/******* *****?
*** ********:
** *** *********** ****** **** **** and ** ** **** ** ********* the **********, ** **** **** ** leverage *** ********* ** **** *************, including ******* ***** *** ******** *********, to ******* **** ******* ***** ** our ********* *** *********.
*** ******* *******, **** ******* ***** of *** *********** ** *** ****.
*** ******* ***** ** *******( ******** before **** *****, ******** ****, **** had ** **** ** ********* **** came **** *** **** ****** ******** - **** *** **** ********** ***); local ****** ***** *** ****** ***** takers *** ****** ***** **** ******* information ** *****, ***** ** ********, to ***** ******** ** **** ** the ***** ************ ****** ** **** with. ** *** ***'* **** * part ******, **** ** *** *** local ****** **** ***'* **** ******* to **** **** **** *** *** need. ***** ** ** **** ********** from *** ********'* ******** ** *** ADI ********. **** ****; ***** *** a *** ****** ******** *** **** that ** *** ***** **** ** help *** ******** **** * ******* knowledge ** ******* ***** **** *****.
** ******** *******'* ******* ** ** in *** ~$** ******* ***** ** Resideo ********* ** ********* ~$** ******* in ******* *** *** **** ** 2021 (* ******) ******* *** ******* acquisition *** * ******* ** *********** they ******** **** **** (****: ******* ** **** ******** ****).
***********.
* *** **** *** **** *** security ******** ** *** ******* ***** area *** **** ***-*** *** * while *** *** * *** ** signs ** ** ******* ****. ********* a ********** ** ****** **** *** is * **** ****. *** ******* ADI *** ****** ****** *** *** traffic ** *** ******* *** ******** Beach ******** **** **** ********, ** my **********.
*** *** ********* **** ** ******* covered ** *** ********** *** ******- I ****** ** *** **** ****/****** Norfolk's ********* ****** **** ** ****** it. * ******* **** *** *********, York, *** ******** ** **** *** support ******* ******** ***********.
*** *'* *** ** *** ******** and *'* *** ******* ** ***** financials, ** **** ***** **** * very ********* *******.