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Midwich acquisition

Midwich has entered into a binding agreement to acquire a majority stake in NMK Electronics Enterprise, NMK Middle East FZE and Edge Electronics Trading LLC (“Edge”) (collectively “the NMK Group” or “NMK”). Based in the UAE and Qatar, the NMK Group is a value-added distributor of AV products and represents Midwich’s entry into the Middle Eastern market.

The NMK Group will continue to be led by the existing management team who will retain a stake in the business, comprising of Managing Director Alex Kemanes and Director of Business Development Constantinos Drimakis, who were both mentored and trained by founder Nicolaos Kyvernitis. After serving 33 years in the regional audio industry, Kyvernitis will go on to retire from the business following a period of transition, post-completion.

www.midwich.com

 Midwich Group_NMK_Social
Midwich Group_NMK_Social

 

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