Midwich Group to acquire Nimans for £27.5m
Midwich Group, a specialist audio-visual distributor to the trade market, has entered into an agreement to acquire Manchester-based Nimans for £27.5m.
Tuesday, 08 Feb 2022 14:21 GMT
Nimans counts BT, Yealink, Jabra among its customers
Founded in 1981, Nimans is a specialist distributor of unified communications, telecoms, collaboration and audio-visual technologies.
Nimans trades with over 2,500 telephony, IT and retail customers, counting the likes of BT, Yealink, Jabra among its clients, and employs more than 200 staff.
The acquisition agreement will see Midwich pay an initial £16.5m, followed by two fixed instalments of £5.5m both 12 and 24 months after the deal completes.
Stephen Fenby, managing director of Midwich Group, comments: “Nimans is a long-established business with a great reputation for technical excellence, customer service and logistics.
“Its traditional telecoms market has experienced significant change in recent years, bringing with it new revenue opportunities which the Company has developed strongly, in areas such as unified communications, video conferencing, security and networking.
“Midwich continues to grow its UC offering and Nimans brings further opportunities to the Group, in terms of skills in new product and technology areas, service offerings to the trade, a large new customer base and new vendor relationships.
“I believe that the combined skill sets and capabilities of Midwich and Nimans bring a unique offering into the market with the ability to provide complex solutions involving multiple technologies.”
The deal remains subject to regulatory approval but is expected to complete in the first half of 2022.
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