Announced
Completed
Financials
Tags
audio-visual products
Acquisition
Majority
Private
Friendly
Completed
Italy
Specialty Retailers
Single Bidder
Synopsis
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.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.