Predominantly serving the German, Austrian and Swiss (DACH) market, in addition to a select number of other European markets. Joint founders and managing directors Johannes Bauer and Tobias Trummer will continue to lead New Media as part of the Group.
Headquartered in Nuremberg, the distributor is a specialises in broadcast and professional video products including cameras, recording hardware, editing software and accessories. Key vendors include Blackmagic Design, Livestream and Vitec, with New Media revealing recorded unaudited revenue of €21m in 2017.
The acquisition enables MIdwich entry into the DACH broadcast and professional video market and New Media is believed to be the leading distributor of this technology in the region. After the successful purchase of Holdan Limited in the UK in 2016, the acquisition underlines the Midwich Group’s investment in broadcast technology, which continues to converge with the traditional AV market covered in Germany by Kern & Stelly Medientechnik GmbH.
MIdwich says the transaction is further delivery of its strategy to grow operations through a combination of organic development and selective acquisitions.
“I am delighted to welcome Johannes, Tobias and the rest of the New Media team to the Midwich Group. As one of the largest AV markets in Europe, expanding our technology offering in the DACH region was a strategic priority,” said Lutz Kern, regional director (DACH), Midwich Group.
“We will look to continue strengthening the Company’s position in the broadcast market, and work with the business to build an exciting proposition for both the Group’s new and existing customers in the region.”
Johannes Bauer, joint managing director at New Media commented: “The New Media team is very excited at the prospect of working with the Midwich team – and particularly our new colleagues at Holdan and Kern & Stelly.
“With additional resources, support and market access, we expect to be able to provide even stronger product and service support to our customers, and deeper market penetration to our vendors.”