Midwich is pleased to announce it has acquired 100% of the share capital of MobilePro AG, a Swiss value-added distributor of audio visual products. The purchase will be carried out through the Group’s German subsidiary, Kern & Stelly GmbH.
The acquisition represents the Group’s first investment in Switzerland, and further strengthens Midwich’s European presence. MobilePro will report into Lutz Kern, Midwich’s regional director for the D-A-CH territory (Germany, Austria, Switzerland).
Stephen Fenby, MD of Midwich Group, commented: “The acquisition of MobilePro marks Midwich’s entry into the Swiss market, enabling the Group to trade with a broad customer base and provide solutions for projects in many of our key vertical markets. The addition of MobilePro to Midwich’s portfolio broadens our geographical coverage, with the Group now operating in territories which account for approximately 75% of the European AV market.
“I would like to welcome the MobilePro team into the Group, and we look forward to working with them to grow this exciting market.”
Lutz Kern, regional director (D-A-CH) of Midwich Group, added: “I am delighted to welcome the MobilePro team to the Group and look forward to working closely with the team to support the future development of the Company. Our focus will be to continue strengthening the service and support we provide to our Swiss customers and vendor partners.”
Heinz Meli, general manager, MobilePro, said: “I look forward to working with Lutz and the wider Midwich Group team. The synergies between MobilePro and the Midwich Group make this an ideal partnership. I am confident that through becoming part of the Midwich Group we can continue to build on the strong platform and market leading position we already hold in the Swiss market.”