Audio

PUBLISHED: 12:12 01 December 2017 | UPDATED: 12:12 01 December 2017 Stephen Fenby, managing director of Midwich in Diss. Picture: Sonya Duncan Archant Norfolk Photographic © 2016 An audio-visual trade specialist in Norfolk is hitting the right notes after acquiring a £21m audio and lighting products distributor. Midwich, based in Diss, has acquired 100% of the share capital at Sound Technology from its founder Robert Wilson. Established in 1979 and based in Letchworth Garden City, Sound Technology supplies audio and lighting equipment to professional and commercial clients. It stocks brands including several under the Harman audio and lighting umbrella, and also sells select electronic musical instruments. Stephen Fenby, managing director at EDP/EADT Top100 firm Midwich, said: “I believe that the high level of support Sound Technology provides to its vendors is directly aligned with our proven strategy as a specialist distributor. “The company’s recent … [Read more...] about Diss-based Midwich takes on £21m audio and lighting distributor Sound Technology

PUBLISHED: 11:11 29 March 2017 | UPDATED: 16:12 29 March 2017 Stephen Fenby, Managing Director of Midwich in Diss. Archant Norfolk Photographic © 2016 Audio-visual distributor Midwich has delivered on the promise of its chief executive to pursue growth through acquisition after snapping up a European supplier. The purchase of a majority stake in Spanish-based Earpro S.A in a deal valuing it at €11m will bolster Midwich’s continental presence and mean it now sells in more than 60% of the European market. EDP/EADT Top100 firm Midwich, based in Diss, already has operations in France and Germany as well as Ireland and Australasia. Managing director Stephen Fenby said: “The acquisition of Earpro marks Midwich’s entry into the Spanish and Portuguese 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 … [Read more...] about Diss audio-visual distributor Midwich to buy Spanish firm for potential €11m

PUBLISHED: 09:38 12 September 2017 | UPDATED: 11:25 12 September 2017 Stephen Fenby, managing director of Midwich in Diss. Picture: SONYA DUNCAN. Archant Norfolk Photographic © 2016 An audio visual distributor has seen double digit growth as it increased turnover off the back of acquisitions. Midwich, which is based in Diss, reported 33.6% growth in revenues from £158.3m in the six months to June 30 2016, to £211.6m for the same period in 2017. The company posted pre-tax profits of £8m which was more than double the £3.8m for the same period last year. Midwich said it had been boosted by the performance of Manchester based Holdan and Spanish firm Earpro which it bought in 2016. Managing director Stephen Fenby said: “The group has performed strongly in the first six months of the year across all geographies with robust organic growth and contributions from recent acquisitions Holdan and Earpro. “Our business in large format displays continues to … [Read more...] about Audio-visual distributor Midwich sees turnover rise 34%

PUBLISHED: 09:45 07 September 2017 | UPDATED: 16:35 07 September 2017 Stephen Fenby, Managing Director of Midwich in Diss. Archant Norfolk Photographic © 2016 A Diss-based audio visual equipment distributor has continued on the acquisitions trail after taking a majority stake in a Dutch firm. An East Anglian distributor of audio-visual equipment has stepped into new territory with its latest acquisition. Midwich, a member of the EDP/EADT Top 100 list of the region’s biggest companies by turnover, has bought 70% of the Dutch company Gebroeders van Domburg for an initial 2.1m euro. The Rotterdam-based company, which specialises in the large format display market – such interactive smartboards – has a team of 54 staff and generated revenues of around 30m euro in 2016. Midwich said the deal would give it access to the Benelux market – Belgium, Netherlands and Luxembourg – which the group has identified as important for international expansion. Stephen … [Read more...] about Audio visual supplier Midwich buys Dutch firm Gebroeders van Domburg for 2.1m euro