Sound Technology has been acquired by Midwich Group, becoming the latest wholly-owned subsidiary of the Group.
The pro audio and lighting distributor will continue to operate as an independent company from its Letchworth Garden City base, with no changes to its board members, workforce or market approach.
Sound Technology chairman, Robert Wilson MBE, comments: “After close to 40 years, Sound Technology has grown into a company operating on a large-scale in multiple market sectors. We continue to see exciting growth opportunities within all these markets, and the time is right for the company to enter its next phase in order to facilitate further expansion and success.”
Stephen Fenby, Midwich’s Managing Director, says: “We have watched the success of Sound Technology over recent years and are delighted to have persuaded Bob, David and the team to join our Group. The acquisition of Sound Technology substantially enhances the Group’s ability to provide world leading products and high value add audio solutions to our trade customers. The company’s recent entry into the professional lighting market is an exciting proposition and complements our current offering in in the Benelux and Iberia. I look forward to welcoming the Sound Technology team into the Midwich Group, and working with them to further develop this market place“.
David Marshall, Managing Director of Sound Technology, adds:
“At a time when our company is going through tremendous growth in our original MI and pro audio markets, and of course through our new professional lighting division, we are delighted to be joining the Midwich Group. Having the financial resource for sustained expansion, together with access to a wealth of shared expertise, provides a structure for Sound Technology to continue to develop markets for our represented brands, and to enhance the service and support provided to our customers.”