Holdan Limited, a UK based trade-only distributor specialising in broadcast, professional video and streaming technology, today announced it has been acquired by Midwich.
Midwich is a specialist audio visual and document solutions distributor to the trade market with operations in the UK and Ireland, France, Germany and Australasia. Holdan is the leading distributor in the UK and Ireland and has enjoyed rapid growth in mainland Europe. It holds distribution agreements with Blackmagic Design, Panasonic Broadcast, Teradek, Datavideo and many other specialist manufacturers.
Although we expect business as usual for the foreseeable future, we do see this move as evidence of the growing convergence of broadcast and AV technology. Importantly, there is tremendous cultural synergy between our two organizations which help us to work together to bring new and truly innovative solutions to our respective customers.
commented Allan Leonhardsen of Holdan
Stephen Fenby, Managing Director of Midwich noted:
I am delighted to welcome the Holdan team to the Midwich Group. We have admired the expertise and reputation of Holdan for some time and look forward to working together in the future. We recognised some time ago that the broadcast and professional video markets are a natural adjunct to our traditional audio visual activity. Having made some headway in penetrating these markets ourselves, we believe that the expertise and focus of Holdan will give Midwich the ability to provide a more comprehensive value-added service to our customers in the UK and overseas. Similarly, Midwich’s vast reach into the audio visual market provides Holdan’s vendors with an opportunity to expand further into a growing segment.
In line with the Holdan’s long term succession plan, Chris Daniels has stepped down as Holdan’s managing director, but will continue with the business on a full time basis before retiring in 2017. Allan Leonhardsen has become Holdan’s managing director with immediate effect. Allan joined the business in 2003 and has been the sales director for the past twelve years. Kieron Seth becomes sales and marketing director, adding sales to his previous marketing responsibilities.
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 493 employees across the UK, Germany, France, Ireland, Australia and New Zealand, and in the six months to 30 June 2016, 36 per cent of the Group's revenues were derived from outside the UK. 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 visit www.midwichgroupplc.com
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