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Midwich enters the Dutch market

Netherlands: AV broadliner Midwich has acquired a majority stake in AV specialist van Domburg Partners. Van Domburg joins Midwich offices in Australasia, France, Germany, Ireland, Spain and the United Kingdom. Stephen Fenby, Managing Director Midwich Group, commented: "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% 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. The acquisition is further delivery of the Group's strength to grow its operations through a combination of organic developments and selected acquisitions. 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, the managing directors of Van Domburg, commented: "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, Van Domburg is a market leader in the Dutch large format displays market. In recent years, it has developed its technical video product portfolio, offering solutions in digital signage, control and connectivity amongst others. As well as leading the Dutch market in large format displays, its subsidiary "Dutch Light Pro" 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.

Thomas Sumner, European Director Midwich Group, commented: "as with any Midwich acquisition our focus will continue to be on enhancing the service and support we provide our customers and vendor partners. We are delighted a market leader in specialist audio visual distribution has again decided to join the Midwich Group. We look forward to working with them and investing in this important market."