Brian Sims
Editor
Brian Sims
Editor
MIDWICH, THE global specialist audio visual systems distributor to the trade market, has entered into a binding agreement to acquire Nimans Limited and its subsidiaries from Nycomm Holdings Limited.
Nimans is a UK-based specialist distributor of unified communications, telecoms, collaboration and audio visual technologies. Based near Manchester, Nimans was founded back in 1981 and has built a strong presence and reputation in the UK’s telephony hardware market.
In recent years, the business has expanded successfully into new market areas such as unified communications, VoIP solutions, security and networking. Key brand relationships include Yealink, Jabra and BT.
The company trades with over 2,500 telephony, IT and retail customers and employs over 200 staff. In its latest audited financial statements for the year ended 31 December 2020, Nimans generated consolidated revenues of £114.3 million.
Completion of the deal is subject only to Financial Conduct Authority approval and is expected in the first half of this year.
Technical excellence
Stephen Fenby, the Midwich Group’s managing director, commented: “Nimans is a long-established business with a great reputation for technical excellence, customer service and logistics competence. Its traditional telecoms market has been changing, bringing with it new revenue opportunities which the company has developed strongly in areas such as unified communications, video conferencing, security and networking. I believe that the combined skill sets and capabilities of Midwich and Nimans bring a unique offer to the market in terms of providing complex solutions involving multiple technologies.”
Fenby continued: “Partnering with Midwich was a big decision for the owners of Nimans, and we’re delighted that they chose us to continue the legacy of the company’s founder, Julian Niman. We have known the Nimans team for many years, and I believe there’s a great cultural fit between the two businesses.”
Mark Lowe, managing director for Midwich UK and Ireland, stated: “Great people are what make a difference in our industry. I’m delighted to be welcoming the Nimans team to the Midwich Group. There will be a great many benefits and opportunities for our vendors and customers in the coming months.”
Cultural fit
Richard Carter, sales director at Nimans, observed: “When we met with the Midwich team, the cultural fit was evident from the outset and the product fit is fantastic. Combining our efforts gives us a somewhat unique positioning in the UK with our ability to offer the exciting combination of UC, AV and security.”
Nimans’ purchasing and operations director Paul Burn enthused: “This is a really exciting development for Nimans. For our staff, it opens new opportunities within the Midwich Group that shares our core values and secures an exciting future. For our customers and suppliers, it affords access to new markets and opportunities that can only be a win-win for everyone.”
Stephen McIntyre, marketing director for Nimans, concluded: “There are many opportunities that come from our two well respected brands operating together in our burgeoning technology sectors. I’m excited at the prospect of the new areas in which we can involve the Nimans brand, as well as offering even more choice to our existing customers.”
As reported by Security Matters, Midwich bought DVS only last month.