Audio visual and document solutions distributor Midwich has bagged the lion's share of UK-based Holdan for £7.9m and also acquired New Zealand AV distributor Wired.
Holdan operates from Glossop in the broadcast, professional video and traditional audio visual markets and employs 35 staff.
In its last financial year ended 31st December 2015 Holdan reported annual turnover of £20.6m and profit before tax of £1.1m.
Midwich has acquired 75% of the issued share capital of Holdan from MD Chris Daniels and Sales Director Allan Leonhardsen. Daniels has stepped down as MD but will continue with the business on a full time basis before retiring in 2017.
Leonhardsen has taken over the MD role while Kieron Seth becomes Sales and Marketing Director.
Midwich has options to acquire the remaining 25% over the next three years in a deal linked primarily to earnings growth.
The Wired acquisition augments Midwich's existing market position and capability in the Australian and New Zealand markets. Wired reported revenues of NZ $2m in the year to 31 March 2016.
Midwich MD Stephen Fenby commented: "We recognised some time ago that the broadcast and professional video markets are a natural adjunct to our traditional audio visual activity.
"Having made some headway in penetrating these markets ourselves, we believe that the expertise and focus of Holdan will give Midwich the ability to provide a more comprehensive value added service to our customers in the UK and overseas.
"Similarly, Midwich's reach into the audio visual market provides Holdan's vendors with an opportunity to expand into a growing segment."