Holdan Limited, a UK based trade-only distributor specialising in broadcast, professional video and streaming technology, today announced it has been acquired by Midwich.
Midwich is a specialist audio visual and document solutions distributor to the trade market with operations in the UK and Ireland, France, Germany and Australasia. Holdan is the leading distributor in the UK and Ireland and has enjoyed rapid growth in mainland Europe. It holds distribution agreements with Blackmagic Design, Panasonic Broadcast, Teradek, Datavideo and many other specialist manufacturers.
Allan Leonhardsen of Holdan commented, “Although we expect business as usual for the foreseeable future, we do see this move as evidence of the growing convergence of broadcast and AV technology. Importantly, there is tremendous cultural synergy between our two organizations which help us to work together to bring new and truly innovative solutions to our respective customers.”
Stephen Fenby, Managing Director of Midwich noted:
“I am delighted to welcome the Holdan team to the Midwich Group. We have admired the expertise and reputation of Holdan for some time and look forward to working together in the future. We recognised some time ago that the broadcast and professional video markets are a natural adjunct to our traditional audio visual activity. Having made some headway in penetrating these markets ourselves, we believe that the expertise and focus of Holdan will give Midwich the ability to provide a more comprehensive value-added service to our customers in the UK and overseas. Similarly, Midwich’s vast reach into the audio visual market provides Holdan’s vendors with an opportunity to expand further into a growing segment.
In line with the Holdan’s long term succession plan, Chris Daniels has stepped down as Holdan’s managing director, but will continue with the business on a full time basis before retiring in 2017. Allan Leonhardsen has become Holdan’s managing director with immediate effect. Allan joined the business in 2003 and has been the sales director for the past twelve years. Kieron Seth becomes sales and marketing director, adding sales to his previous marketing responsibilities.