Midwich Group takes majority stake in Van Domburg Group

The UK company Midwich Group Plc has a majority stake in the Van Domburg Group. These include Domburg Partners, Van Domburg Transport and Dutch Light Pro. Owners Ed of Domburg and Rick ter Wee will continue to play their role within the organization and retain the remaining interest.

Midwich is a specialist audiovisual distributor for the business market with activities in United Kingdom, Ireland, France, Germany, Spain, Australia and New Zealand. Midwich is registered with the Alternative Investment Market London Stock Exchange. The Group is a market leader in Europe and has a rich experience in recruiting local businesses to subsequently realize a further international growth strategy.

Ed van Domburg (photo) and Rick ter Wee, CEO of Domburg Group says; “From the start of the discussions, it was immediately clear that this combination will create a promising synergy. With our strong local position and the support of the Midwich Group, we will be able to continue our growth ambition. The broad knowledge and international leadership position makes Midwich an ideal partner for us. We look forward to the intense cooperation to further develop the activities in the Benelux market and to optimize our services. ”

Stephan Fenby, Managing Director, Midwich Group Continues; “With the acquired majority interest, Midwich subscribes to the ambition to expand its activities within the Benelux market and is therefore a logical continuation step in the proposed international expansion strategy. This enables Midwich to serve a wider group of customers in multiple segments. As a result, we can address more than 70% of the European audiovisual market. Our growth ambition is characterized by a combination of organic developments and selected acquisitions. We welcome the Van Domburg Team with great enthusiasm and look forward to jointly developing within the dynamic and challenging audiovisual market. ”

Thomas Sumner, European Director, Midwich Group Decision; “As with all Midwich companies, the focus will be on expanding service and support to our customers and suppliers. We are pleased with the decision of market leader Van Domburg to join the Midwich Group. We look forward to successful cooperation and joint investment in this important region. “

Leave a Reply

Your email address will not be published. Required fields are marked *