Midwich has written a cheque for distributor Nimans along with other subsidiaries from Nycomm Holdings Limited for £27.5 million.
For those not in the know, Manchester-based, Nimans distributes telephony hardware as well as solutions such as unified communications, VOIP, security and networking, and partners with a wide range of vendors including BT, Microsoft, NETGEAR and Yealink.
Apparently, the deal does not include Avoira, a £21.5 million revenue comms partner which was formed through the fusion of four resellers in 2019. However, Niman’s makes most of Nycomm Group’s cash. The distributor generated consolidated revenues of £114.3m and pre-tax profits of £5.8 million for the year ending 31 December 2020 while currently trading with over 2,500 telephony, IT and retail customers and employing over 200 staff.
