LONDON, UK: Midwich Group (AIM: MIDW), a global specialist audio visual distributor, has entered a binding agreement to acquire prodyTel Distribution Gmbh, a distributor of professional audio and technical solutions products based near Nuremberg, Germany. The deal will be funded from Midwich’s existing facilities and is expected to be earnings enhancing in the first full…
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Midwich Group agrees to acquire Nimans Limited for £27.5mn
LONDON, UK: Midwich Group (AIM: MIDW), a global specialist audio visual distributor to the trade market,t has entered a binding agreement to acquire Nimans Limited and its subsidiaries from Nycomm Holdings Limited. The aggregate consideration of £27.5 million will be paid in cash. The initial consideration of £16.5 million payable upon completion of the acquisition…
Midwich Group acquires 65% stake in Cooper Projects for £15mn
LONDON, UK: Midwich Group, a global specialist audio visual distributor to the trade market, has acquired a controlling stake in Cooper Projects Limited, the parent company of DVS Limited, a UK based distributor of video security products. Midwich has acquired 65% of the Company’s share capital for an initial cash consideration of £8.6 million, followed by…
Midwich Group acquires controlling stake in the NMK Group
LONDON: Midwich Group has entered into a binding agreement to acquire a controlling stake in Nicolas M. Kyvernitis Electronics Ent., NMK Middle East FZE and Edge Electronics Trading LLC (collectively the NMK Group), a news release said. Based in the UAE and Qatar, the NMK Group is a value-added distributor of AV products and represents…