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Midwich goes south with Earpro
2017-05-12

British AV broadliner Midwich has entered into a binding agreement to acquire a majority stake in Spanish AV VAD Earpro. The acquisition values the equity of Earpro at approximately €11m, including a net cash balance of approximately €3.2m. Managing Director Miguel Mezquita retains a stake in the business and will continue to lead the business as part of the Midwich Group. The Earpro business, headquartered in Barcelona enables the entry of the Midwich Group into the Spanish and Portuguese markets. The acquisition is further delivery of the Group's strategy, stated at IPO to grow operations through a combination of organic development and selective acquisitions.

Stephen Fenby, Managing Director Midwich Group, commented: "I am delighted to welcome Miguel, and the rest of the Earpro team to the Midwich Group. Spain and Portugal are markets we've identified as significant to the Group's international growth ambitions. 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 60% of the European audio visual market. We will look to continue strengthening the Company's position in the professional audio market, and support the business to build its lighting and video technology divisions, namely in Italy, the Netherlands, Poland and Switzerland." Earpro's heritage in the audio market has enabled the business to develop its sales in complementary video and lighting technologies. As a market leader in professional audio distribution, the business has a strong platform to develop video and lighting sales through its existing customer base.

Miguel Mezquita, Managing Director Earpro, commented: "From the outset of our conversations with the Midwich Group, the cultural and operational synergies of our two businesses were evident. This new partnership will enable us to continue our business's development in the professional audio, video and lighting technology markets with the support and backing of an experienced international audio visual specialist." Specialist services provided by the Company include: system design, pre-installation product configuration, pre and post sale technical support, product demonstrations, and product repairs. Through its portfolio of leading vendors, Earpro will continue to provide the complete audio solution to the professional market. This includes sales of product technologies in microphones, mixers, amplifiers, sound systems, public address systems, ear monitoring systems and digital system processors (DSP), along with their lighting and video technology ranges.

Tom Sumner, Midwich European Director, commented: "The Midwich Group has experience of international acquisition in Europe (in France and Germany) and Australasia where our approach has been to address these markets through strong local teams. We will continue this with Earpro, providing support where we can. We are excited to work with the Earpro team, and will look to maximise the business synergies across the Group's organisations. Our primary focus will remain on continuing to enhance the support and service we provide customers and vendor partners."

Midwich eyes European M&A
2017-05-03

AV broadliner Midwich is set to continue on the acquisition trail this year after announcing a revenue increase of 17.8%, according to managing director Stephen Fenby. Midwich floated publicly in May last year and quickly followed the IPO up with the acquisitions of UK broadcast specialist Holdan and New Zealand-based Wired in September. Fenby said that, while he would not rule out further UK acquisitions, mainland European activity is more likely as the distributor looks to move into new territories - with "a number of conversations ongoing". Fenby said he is "hopeful" that some acquisition activity will be announced this year. "Very much top of the agenda is the development of our network, particularly across [the rest of] Europe", he said. "That process takes time to get to know the management team, it takes time for them to get to know us, so we don't just go in with a chequebook and say ‘off you go' - we want them to stay and we want to work with them. Those acquisitions can take a bit longer, but hopefully when we get them we've got the right ones with a high-calibre team and then the vendors know that there is another new territory that we're in that they can come and work with us in." (source: Channelnomics Europe).

Midwich acquires Holdan
2016-10-25

United Kingdom: AV broadliner Midwich has acquired video specialist Holdan for a maximum consideration of approximately €8.6m. Midwich has acquired 75% of the issued share capital of Holdan from Chris Daniels and Allan Leonhardsen. 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. 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. The Holdan Acquisition has been funded from the existing cash resources of the Group. The structure of consideration is in line with the Group's previous approaches, with 75% of Holdan being acquired at the time of announcement. Midwich has options to acquire the remaining 25%, over the next three years on a pre-determined methodology linked primarily to earnings growth. Consideration for the initial 75% of the Company is split €3.6m on completion and €1.8m after 12 months. In addition, the Group has incurred transaction fees and expenses in connection with the Holdan Acquisition of approximately €0.12m. The Holdan Acquisition is expected to be immediately earnings enhancing for the Group.

Stephen Fenby, Managing Director of Midwich commented: "I am delighted to welcome Allan, Chris, Kieron and the rest of 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." If no further acquisitions are planned on the short term, Midwich has already plans to expand later in Italy, Netherlands, Poland, Spain and Switzerland.

Holdan appoints its first AV Channel Manager
2013-08-28

United Kingdom: AV specialist Holdan has appointed a specialist AV Channel Manager to recognize the increasing interplay between broadcast technology and professional AV equipment. The role will involve supporting AV installers, dealers and resellers to integrate video technology cost-effectively and intelligently into their projects. The position has been filled by Jon Hubery, who joins Holdan from AV manufacturer, TV One. With TV One, Hubery was responsible for account management, new business development, product demonstrations and customer training. This followed earlier positions in business presentations and AV. He will now take on a pan-European role with Holdan, representing such brands as TV One, Optibase, Blackmagic Design, Datavideo and Panasonic Broadcast.

Holdan signs distribution agreement with camRade
2013-06-26

United Kingdom: video VAD Holdan has concluded an agreement with camRade to distribute its complete range of camera bags and protective suits through its European network of resellers. Already representing the company's Alphatron electronic viewfinder and specialist cases for Panasonic camcorders, Holdan will now carry the whole line up-of rain covers, desert suits and snow coats, as well as soft cases for monitor panels, tripods and sound equipment. The agreement includes distribution of the very latest rainproof wetsuits for the Blackmagic Cinema Camera, JVC HM650 and Sony's F5 / F55 systems.

 

Holdan Ltd
Address

Holdan Ltd
Unit 2 - Waterside Business Park
Hadfield
SK13 1BE Glossop
United Kingdom
Phone : +44 (0)1457 851 000
Fax : +44 (0)1457 850 964
Website : http://www.holdan.co.uk
E-mail : sales@holdan.co.uk

Team

General manager : Mr Allan Leonhardsen (*** ****** ********)
CFO : Mr Adelle Hallows (*** ****** *********)
Sales director : Mr Kieron Seth (*** ****** *********)
Marketing director : Mr Kieron Seth (*** ****** *********)
CTO : Mr Richard Payne (*** ****** ********* )
Logistics director : Mr Craig Leith (*** ****** ********)
Communication director or manager : Mrs Charlotte Leonhardsen (*** ****** ********* **)
Market manager : Mr Jon Hubery (*** ****** ******)
Product manager : Mrs Marise Plater (*** ****** *********)

Information

Creation year : 1996
Company registration number : 03157860
VAT number : GB 659 7232 01
Annual turnover
2015 : 28,40 M€
Indirect turnover : 100%
Export : Andorra, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, Monaco, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland
Specialist : Professional video
Main brands : Datavideo Technologies, HP Inc., Panasonic, Sonnet Technologies, TV One
Clients : Associations, consultants, dealers, IT consulting and service providers, outlets, service providers, specialized resellers, systems integrators, VAR
Employees : 35 people