2017 10 10 Airfree 468×60 Banner (Home & Industry News)

Business

Published on December 1st, 2017 | by The GC Team

0

Midwich completes Sound Technology acquisition

Technology distributor Midwich has announced the acquisition of Sound Technology Limited, distributor of audio, musical instruments and lighting solutions in the UK. 

Sound Technology will continue to operate as an independent company, as a wholly owned subsidiary of Midwich Limited.

The Letchworth Garden City-based company, which achieved annual unaudited revenue in excess of £20 million in the year to 30 September 2017, has a number of key exclusive brands including several under the Harman audio and lighting umbrella and high-profile musical instrument brands such as Nord. 

The deal follows Midwich’s acquisition of specialist Iberia-based audio and lighting distributor Earpro earlier in the year and supports the Group’s strategy of growing its specialist value-added offering.

Stephen Fenby, Managing Director of Midwich Group (pictured), said: “The acquisition of Sound Technology substantially enhances the Group’s ability to provide world-leading products and high value add audio solutions to our trade customers.

“In addition, I believe that the high level of support Sound Technology provides to its vendors is very close to our proven strategy as a specialist distributor.  The Company’s recent entry into the professional lighting market is an exciting proposition and complements our current offering in the Benelux and Iberia regions.”

Midwich has acquired 100% of the share capital of the company from its founder and current owner Robert Wilson MBE, who will remain in the business as its Chairman. The current senior management team – David Marshall (Managing Director), Judith Kingston (Finance Director), Ian Cullen (Marketing Director) and Greg Niven (Sales Director) – will use their experience to continue to build the business.

Tags: , , , ,


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

20 + three =

Back to Top ↑
  • 2017-10-30 DeDietrich 300×250
  • The Latest…

  • 2017 09 01 Blomberg 300 x 250
  • GC Latest Tweets…

    77% of consumers “want in-store shopping to be more enjoyable” gcmagazine.co.uk/?p=…

    About 8 minutes ago from GC Magazine's Twitter via Twitter Web Client · reply · retweet · favourite

  • Read The Latest Issue...
  • News by Category

  • Archives


Subscribe to GC's weekly e-Bulletin