Midwich chairman Andrew Herbert told his outfit’s AGM that the group delivered a strong performance in 2019, achieving revenue and profit growth while successfully completing four acquisitions.
“We remain committed to our established strategy of delivering strong organic growth, supplemented by targeted acquisitions, as well as building our expertise in a broader range of markets and products.”
Acquisitions made last year included Prase in Italy and MobilePro in Switzerland back in January, and Norwegian distributor AV Partner in May. Already in 2020, Midwich has sealed a deal for US AV distributor Starin Marketing.
Herbert said that the coronavirus was having an impact on the business and that would remain the case for most of the second quarter.
