Midwich Group completed the acquisition of an 80% stake in Prase Engineering for $14.5m.

Midwich, a specialist audio visual distributor to the trade market with operations across the UK and Ireland, Continental Europe and Asia-Pacific, completed the acquisition of an 80% stake in Prase Engineering, an Italian value-added distributor of AV products, for $14.5m. "This acquisition adds to the Group's already formidable capability in the European professional and installation audio sectors. We believe that with the acquisition of Prase, Midwich now has a presence in countries representing over 80% of the European AV market," Stephen Fenby, Midwich Group Managing Director.