• Midwich announces acquisitions of Holdan and Wired

        • Midwich has announced the acquisition of Holdan Limited in the UK for a maximum consideration of approximately £7.9m, and the acquisition of Wired Limited in New Zealand.

          Holdan is a value-added distributor of technology solutions focused on the broadcast, professional video and traditional audio-visual markets. Midwich has acquired 75 percent of the issued share capital of Holdan from Chris Daniels and Allan Leonhardsen. The Holdan Acquisition has been funded from the existing cash resources of the Group and will offer Midwich the option to acquire the remaining 25 percent, over the next three years on a pre-determined methodology.

          In line with the Company’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, having been the Sales Director for the last 12 years. Kieron Seth will replace Allan as Sales and Marketing Director.

          Stephen Fenby, Managing Director of Midwich said, “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.”

          Wired is a small New Zealand based AV distributor with offices in Wellington and Auckland specialising in HD distribution solutions for the domestic and commercial market. The acquisition augments Midwich’s existing market position and capability in the Australian and New Zealand markets. 

          Stephen added, “we are also pleased to welcome Bruce Mackay and the rest of the Wired team to the Midwich Group. The acquisition in New Zealand supports two of our key strategic objectives in the region, to provide outstanding value added support to our customers and vendors, and to continue the rapid growth of our display solutions business.”

          As outlined at the time of IPO, the acquisitions of Holdan and Wired are in line with Midwich's strategy to grow operations through a combination of organic development and selective infill acquisitions. 

        • Stay up to date - Click here and register for FREE Channel Info online membership and enjoy unlimited access to a host of benefits including the exclusive members area of the website, downloadable business tools, current and back issues archive, priority breaking news alerts, weekly e news summary and the Channel Info app

        • Related Articles

        • Nimans treats Panasonic resellers to two promotions

          Nimans treats Panasonic resellers to two promotions

          Thursday 18th Oct 2018
          Nimans has launched two compelling promotions for Panasonic resellers. In an exclusive offer, Amazon vouchers of up to £500 are available for single invoice purchases of Panasonic’s acclaimed NS700 and NS1000 systems – spanning har...Read More...
          Stampede becomes Exertis Pro AV Solutions in UK and Europe

          Stampede becomes Exertis Pro AV Solutions in UK and Europe

          Wednesday 17th Oct 2018
          Exertis has announced the integration of Stampede’s UK and European operations into its Pro AV Solutions division, effective immediately. This follows the acquisition in July by DCC Technology of Stampede, a global leader in Pro AV distribution...Read More...
          Tech Data launches Practice Builder programme

          Tech Data launches Practice Builder programme

          Wednesday 17th Oct 2018
          Tech Data has launched a new Practice Builder programme for Veritas that will provide resellers with knowledge and business development support to help them grow their data protection sales.   The initiative aims to enrich the partner base ...Read More...
                • About Us

                  Channel Info is the leading source of business news and information for the office dealer and reseller market. Our multi-platform approach delivers relevant, engaging and focussed content via our main printed magazine, supplements, website, digital editions, apps, newsletters and bespoke communications with an unrivalled reach across the industry. A highly trusted and respected brand for many years, the team behind Channel Info has over 60 years experience collectively in the office products, furniture, equipment and technology markets Channel Info continues to develop and adapt in order to meet the changing information needs of its readers.

                  For our latest Media packs and more details on our range of services click here

                • View Latest Issue