Midwich : Completion of Acquisition of Earpro S.A.
April 03, 2017 at 10:46 am EDT
Share
RNS Number : 2017B
Midwich Group PLC
31 March 2017
31 March 2017
Midwich Group plc
("Midwich" or "the Group")
Completion of Acquisition of Earpro S.A.
Further to the Group's announcement on 29 March 2017, Midwich is pleased to announce it has completed the acquisition of a majority stake in Earpro S.A., a value-added distributor of audio, video and lighting solutions in Spain and Portugal.
Enquiries:
FTI Consulting
Oliver Winters / Alex Beagley / George Robinson
Tel: +44 (0) 20 3727 1000
Notes to Editors:
Midwich is a specialist AV and document solutions distributor to the trade market, with operations in the UK and Ireland, France, Germany and Australasia. The Group's long-standing relationships with over 300 vendors, including blue-chip organisations such as Samsung, LG, Epson and NEC, supports a comprehensive product portfolio across major audio visual categories such as large format displays, projectors, digital signage and printers. The Group operates as the sole or largest in-country distributor for a number of its vendors in their respective product sets. The Directors attribute this position to the Group's technical expertise, extensive product knowledge and strong customer service offering built up over a number of years. The Group has a large and diverse base of approximately 10,000 customers, most of which are professional AV integrators and IT resellers serving sectors such as corporate, education, retail, residential and hospitality. Although the Group does not sell directly to end users, it believes that the majority of its products are used by commercial and educational establishments rather than consumers.
Initially a UK only distributor, the Group now has over 500 employees across the UK, Germany, France, Spain, Ireland, Australia and New Zealand, and in the year to 31 December 2016, 33 per cent of the Group's revenues were derived from outside the UK and Ireland. A core component of the Group's growth strategy is further expansion of its international operations and footprint into strategically targeted jurisdictions.
For further information, please visitwww.midwichgroupplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
ENDACQZMGFFZMNGNZM
Midwich Group plc published this content on 31 March 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 April 2017 14:46:04 UTC.
Original documenthttp://ir.euroinvestor.com/Tools/newsArticleHTML.aspx?solutionID=2470&customerKey=midwichlimited&storyID=13565926&language=en
Public permalinkhttp://www.publicnow.com/view/7878B0CCC0F4847106DACF9FBF8096A617CE03D5
Midwich Group plc is a United Kingdom-based specialist audio visual (AV) distributor to the trade market. The Company operates in Europe, the Middle East and Africa (EMEA), the United Kingdom, Ireland, and Asia Pacific and North America. It has relationships with over 800 vendors, including blue-chip organizations, support a comprehensive product portfolio across major audio-visual categories such as displays, projectors, technical AV, broadcast, professional audio, lighting, and unified communications. The Company has diverse base of over 24,000 customers, most of which are professional AV integrators and information technology (IT) resellers serving sectors such as corporate, education, retail, residential and hospitality.