Midwich acquires DVS parent company
Specialist audio visual distributor Midwich has acquired a majority stake in Cooper Projects, the parent company of UK-based video security products distributor DVS Limited.
Wednesday, 12 Jan 2022 08:19 GMT
DVS provides solutions for trade customers across markets including corporate, retail and residential
Financial terms of the deal were not disclosed, but it was confirmed that Cooper’s managing director Tim Goodson, commercial director Gavin Dunleavy and chief technology officer David Davies will maintain a stake in the business.
The trio will also work with Midwich to help grow the business over the coming years.
Based in Cardiff, DVS provides solutions for trade customers throughout the UK, across a range of verticals such as the corporate, retail and residential markets.
DVS also provides a range of value-add services to customers including project design, technical support, training and a proprietary installer programme.
“The acquisition of DVS gives Midwich access to a significant segment of the Security market in which we currently have little presence, and which is expected to grow at around 8% per annum for the next five years,” Midwich managing director Stephen Fenby says.
“The knowledge and support of the experienced DVS team should help realise new opportunities for our customers in an increasingly converging technology market. Similarly, we believe that much of DVS’s extensive customer base uses or could use our core AV products in their projects.
“We are very excited at the prospect of supporting Tim, Gavin, David and the rest of the DVS team in accelerating the growth of the business.”
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