UK's Midwich buys Dutch distributor
UK-based audio-visual and document solutions distributor, Midwich has announced it has bought a majority stake in Gebroeders van Domburg, a specialist distributor of audio-visual and lighting solutions in the Netherlands.
The Dutch firm specialises in a distribution of key audio-visual brands, including Samsung, NEC and AMX. Also, it has its own warehousing and transportation capabilities as well as a major logistics centre, based out of Rotterdam.
Midwich Group’s managing director, Stephen Fenby, said: “The acquisition of Van Domburg marks Midwich’s entry into the Benelux markets, enabling the group to trade with a broad customer base across a variety of customer segments. The addition of this territory to the group’s portfolio increases Midwich’s geographical coverage, with the group operating in territories which account for approximately 70% of the European audio-visual market. I look forward to welcoming the van Domburg team into the Midwich Group, and working with them to further develop this exciting market.”
According to the company, the acquisition signals its entry into the Benelux market which it identifies as one of the key directions for international expansion.
Also, Midwich will buy a majority stake from the two joint managing directors, with the option to buy the remaining shares over the next three years. However, the directors will continue to be responsible for the management of the business and will remain in their current roles. Midwich, is part of The Midwich Group, a specialist audio visual professional video, lighting and document solutions distributor, with operations in the UK, Ireland, France, Germany, Spain, Portugal, Australia and New Zealand.