ADI Acquires 11 Location Norfolk Wire & Electronics

By John Honovich, Published Apr 01, 2021, 12:07pm EDT

ADI is adding 11 branches in the USA, acquiring Norfolk Wire & Electronics.

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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 **** & *********** **********

******* *** ** ********* ranging **** ************ **** to *******, **** *** heaviest ************* ** ******** and *** *********, ** this *** **** ******* to **** *** ******* locations:

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*** *** *********** ********* with ******* **** ** Norfolk, *********, **********, ******* and ********.

******* **** *** ************ specialized ** **** '****' and **** **** ******** but ******* **** **** some ******** ********* *****.***, Hikvision, *** *****.

ADI's *********

*** ********* ** **** that **** **** *** North ******** ********* ***** to **** **** ******:

*** *** *** ****** locations ** ***** ********* across ***** *******; *** branches ** ***** *******, 10 ******** ** ******. Additionally, *** *** **** distribution ******* ************* ******* to ****** ***** ******** remain ***** ******* ** all *****.

Rationale - ****-** / ******** **********

*** **** **** **** this *** **** ** a ******** ** '****-**' acquisitions *** ******** **********.

*** ******* **** & Electronics *********** ** ********* for *** ** **** of *** ******* ******** to ******** *** ******* tuck-in ************ **** ***** compelling ****** *************, *** accelerate *** ********* ** adjacent **********. ** ********** key ****** ************* *** ADI ****** **** **************, Residential ** *** *** AV, *** **** ******** to ****** ********** ****-** M&A ********** ************* ****** these *******. ************, ** acquired *** ****** ***** to ** **** ** ADI ****** ************ ** 2020.

Price *** ********* / ******** ** ** ***

*** ********* **** *** acquisition ***** *** *** disclosed. ** ***** ******** it ** ** ** the ~$** ******* ***** as ************ ********* *** typically *** ********** *** net ******* *** *** revenue ******.

Become *** *******

*** ********* **** *** Norfolk ******** **** ** updated ** *** '** the ******'.

Overlapping ******** ******?

**** * ****** ** branches ***********, *** ****** question ** *********** ************. ADI ******* * ******** answer ***** ********* ****:

** * ****** ******** practice, *** ********* ******** a ****** ******** ** its ******* *********, ******** locations, ****** ************ *** travel ***** ** *** branches. ** ** **** to ********* *** **********, we **** ******* **** analysis ** ****** **'* serving *** ******** **** across *** ******, *** will **** *********** ** operations ** *********.

Adding ** ***'* ************

*** ********* **** ***'* capabilities **** ** ***** to *******:

******* ********* **** **** the **** ****** ** ADI's ***** ***** ******** including *** **** ********* of *** ****** *** immediate ******* ************, *** Systems ****** *** *********** Services, ****** ******** ******* our ******* ******, *** more.

Expanding **** **** **************

*** ********** ****, ****** the ******** *********, **** would **** *** ****** into **** **************:

**** *********** ****** **** ADI's ******* ********* *** expands *** ******** ** the **** ************** ******. Norfolk's ******** ****, ******** and ******** ************ ************* complement *** ********, *** will **** **** *** the ************* ******* ** choice *** **** **************.

Dominance ** ** ********

**** ****** **** *** already *** *** ******* security ************ ****** ******* in *** ** (******* is ****** *** **** a ******** ***). ****** these ********, **** ** one ******* **** ** all ** *** *********** branches *** ******, **** marginally ********** ***'* ******** area.

***** ********* ********* ** gain ** *** ******* economy, ******** ****** ** important ************** ** *** security ***** *** ***** ability ** ******* ***** access ** ******** ****** for ****, ***** ***** for ********, ********, ***.

Comments (6)

Undisclosed Distributor #1

04/01/21 04:22pm

***********.

* *** **** *** that *** ******** ******** in *** ******* ***** area *** **** ***-*** for * ***** *** and * *** ** signs ** ** ******* down. ********* * ********** by ****** **** *** is * **** ****. The ******* *** *** easily ****** *** *** traffic ** *** ******* and ******** ***** ******** they **** ********, ** my **********.

*** *** ********* **** is ******* ******* ** the ********** *** ******- I ****** ** *** will ****/****** *******'* ********* branch **** ** ****** it. * ******* **** the *********, ****, *** northern ** **** *** support ******* ******** ***********.

*** *'* *** ** ADI ******** *** *'* not ******* ** ***** financials, ** **** ***** have * **** ********* opinion.

Agree
Disagree
Informative: 3
Unhelpful
Funny

Undisclosed Integrator #2

04/02/21 02:54pm

********* ** *** **** adopt ******** ******* *********/******* lines?

Agree: 1
Disagree
Informative
Unhelpful
Funny

John Honovich

IPVM | In reply to Undisclosed Integrator #2 | 04/05/21 01:22pm

*** ********:

** *** *********** ****** this **** *** ** we **** ** ********* the **********, ** **** look ** ******** *** strengths ** **** *************, including ******* ***** *** services *********, ** ******* even ******* ***** ** our ********* *** *********.

Agree
Disagree
Informative
Unhelpful
Funny

Undisclosed Integrator #3

04/02/21 03:51pm

*** ******* *******, **** helpful ***** ** *** distributor ** *** ****.

Agree: 1
Disagree
Informative
Unhelpful
Funny

Undisclosed Integrator #2

In reply to Undisclosed Integrator #3 | 04/02/21 04:19pm

*** ******* ***** ** helpful( ******** ****** **** moved, ******** ****, **** had ** **** ** arrogance **** **** **** the **** ****** ******** - **** *** **** friendlier ***); ***** ****** folks *** ****** ***** takers *** ****** ***** have ******* *********** ** input, ***** ** ********, to ***** ******** ** some ** *** ***** distribution ****** ** **** with. ** *** ***'* have * **** ******, many ** *** *** local ****** **** ***'* even ******* ** **** find **** *** *** need. ***** ** ** easy ********** **** *** McDonald's ******** ** *** ADI ********. **** ****; there *** * *** branch ******** *** **** that ** *** ***** mile ** **** *** actually **** * ******* knowledge ** ******* ***** they *****.

Agree
Disagree
Informative
Unhelpful
Funny

John Honovich

IPVM | 05/09/21 11:42am

** ******** *******'* ******* to ** ** *** ~$40 ******* ***** ** Resideo ********* ** ********* ~$40 ******* ** ******* for *** **** ** 2021 (* ******) ******* the ******* *********** *** a ******* ** *********** they ******** **** **** (****: ******* ** **** investor ****).

Agree
Disagree
Informative
Unhelpful
Funny
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