Midwich has acquired a majority stake in Gebroeders van Domburg B.V., a specialist distributor of audio visual and lighting solutions in the Netherlands.
Van Domburg Partners has strength in the large format display market, with a developing interactive and technical product offering. The Company distributes key audio visual brands such as Samsung, NEC and AMX. Through its transport division, Van Domburg also has in-house warehousing and transportation capabilities based out of Rotterdam; a major logistics centre.
Stephen Fenby, Managing Director, Midwich Group said, “the acquisition of Van Domburg marks Midwich’s entry into the Benelux 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 coverage, with the Group operating in territories which account for approximately 70 per cent of the European audio visual market. I look forward to welcoming the van Domburg team into the Midwich Group, and working with them to further develop this exciting market.”
The acquisition signals Midwich’s entry into the Benelux, a market the Group has identified as important in its international expansion. Midwich will acquire a majority stake from the two joint Managing Directors, with the option to acquire the remaining shares over the next three years. The Company’s Managing Directors will continue to be responsible for the management of the business, and will remain in their current positions.
Rick ter Wee and Ed van Domburg (Managing Directors, pictured), Van Domburg added, “from the outset of our conversations with the Midwich Group, the synergies between our two businesses were evident. With our strong local position, and with the backing and support of Midwich, it is clear this exciting partnership will enable Van Domburg to continue our growth in the audio visual, and high-end lighting markets. Midwich’s audio visual specialism, and international market leading position made them the ideal partner for us. We look forward to working closely with them to develop our business in the Benelux.”
Headquartered near Rotterdam with a team of 54, Van Domburg has developed its technical video product portfolio, offering solutions in digital signage, control and connectivity amongst others. Its subsidiary, ‘Dutch Light Pro’, also distributes high-end lighting products primarily to electrical contractors and installers. A key part of the Company’s proposition is to provide lighting design consultancy services.