Premier Farnell Plc operates as a distributor of technology products and solutions for electronic system design, maintenance, and repair in the Americas, the United Kingdom, and rest of Europe and the Asia Pacific. It operates through element14 and CPC/MCM divisions. The element14 division distributes electronic components and related products, and development kits to engineering and manufacturing customers, and component manufacturers. The CPC/MCM division supplies finished electrical products, such as audio visual, lights and lighting, security, test equipment, tools, computing, mains electrical accessories, and PA equipment to wholesalers; education, government, and utility companies; IT companies; broadcasters; Internet resellers; and hobbyists. The company was founded in 1934 and is headquartered in London, the United Kingdom. As of October 17, 2016, Premier Farnell plc operates as a subsidiary of Avnet, Inc. As of October 17, 2016, Premier Farnell plc operates as a subsidiary of Avnet, Inc. As of October 17, 2016, Premier Farnell plc operates as a subsidiary of Avnet Bidco Limited.