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Announced

Completed

Midwich completed the acquisition of AV Partner.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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AV products

Friendly

Acquisition

Completed

Single Bidder

Norway

Consumer Electronics

Majority

Private

Synopsis

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Midwich, a specialist audio visual distributor, completed the acquisition of AV Partner, a Norwegian value-added distributor of AV products. Financial terms were not disclosed. "The acquisition of AV Partner represents Midwich’s first step into the Nordic region, enabling the Group to access a large number of new customers in a significant AV market. We were impressed by the vision Arne, Tore and Olav share to grow the business as part of the Midwich Group and we look forward to beginning work with our new colleagues," Stephen Fenby, Midwich Group Managing Director.

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