Published on September 8th, 2017 | by The GC Team0
Midwich acquires majority stake in Dutch distributor
Diss-based distributor Midwich has taken a majority stake in Gebroeders van Domburg B.V., a specialist distributor of audio visual and lighting solutions in the Netherlands.
Van Domburg Partners is a market-leading player with particular strength in the large format display market and a developing interactive and technical product offering.
The Company distributes key audio visual brands such as Samsung, NEC and AMX, and its transport division has in-house warehousing and transportation capabilities based in Rotterdam.
Midwich Group Managing Director Stephen Fenby commented: “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.”
Midwich will acquire a majority stake from the two joint Managing Directors, with the option to acquire the remaining shares over the next three years. The company’s Managing Directors will continue to be responsible for the management of the business, and will remain in their current positions.