Sound Technology will continue to operate as an independent company, as a wholly owned subsidiary of Midwich Limited.
Sound Technology is a specialist distributor focused on three technology categories – audio, musical instruments and lighting, and achieved annual unaudited revenue in excess of £20 million in the year to 30 September 2017.
The Company is based in Letchworth Garden City and has a notable heritage in the professional audio and musical instrument markets where the business operates with mid to high end, specialist brands.
Sound Technology has a number of key exclusive brands, including several under the Harman audio and lighting umbrella, as well as musical instrument brands such as Nord. Midwich says the acquisition of specialist Iberia based audio and lighting distributor Earpro earlier in the year and supports the Group’s strategy of growing its specialist value add offering.
Stephen Fenby, managing director, Midwich Group commented, “We have watched the success of Sound Technology over recent years and are delighted to have persuaded Bob, Dave and the team to join our Group. The acquisition of Sound Technology substantially enhances the Group’s ability to provide world leading products and high value add audio solutions to our trade customers.
“In addition, I believe that the high level of support Sound Technology provides to its vendors is very close to our proven strategy as a specialist distributor. The Company’s recent entry into the professional lighting market is an exciting proposition and complements our current offering in the Benelux and Iberia regions. I look forward to welcoming the Sound Technology team into the Midwich Group, and working with them to further develop this market place”
The acquisition augments Midwich’s existing position in the audio market and it will continue to distribute commercial audio products through its existing vendors.
Midwich has acquired 100% of the share capital of the Company from its founder and current owner Robert Wilson MBE, who will remain in the business as its chairman.
The current senior management team of David Marshall (managing director), Judith Kingston (finance director), Ian Cullen (marketing director) and Greg Niven (sales director) will use their substantial experience to continue to build the business.
David Marshall, sums up, “At a time when our company is going through tremendous growth in our original MI and pro audio markets, and of course through our new professional lighting division, we are delighted to be joining the Midwich Group.
“Having the financial resource for sustained expansion, together with access to a wealth of shared expertise, provides a structure for Sound Technology to continue to develop markets for our represented brands, and to enhance the service and support provided to our customers.”
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