Midwich has acquired a majority stake in Cooper Projects Limited, the parent company of DVS Limited (DVS), a UK-based distributor of video security products.
DVS was founded in 2003 as a specialist distributor of CCTV and associated video recording technologies, in which it has developed a strong market reputation working primarily with leading global brand HikVision. In recent years, it has begun to diversify its portfolio to include complementary technologies, such as access control, intercom and intruder detection.
Midwich Group Managing Director Stephen Fenby, said: “The acquisition of DVS gives Midwich access to a significant segment of the security market in which we currently have little presence, and which is expected to grow at around 8% per annum for the next five years. The knowledge and support of the experienced DVS team should help realise new opportunities for our customers in an increasingly converging technology market. Similarly, we believe that much of DVS’s extensive customer base uses or could use our core AV products in their projects. We are very excited at the prospect of supporting Tim, Gavin, David and the rest of the DVS team in accelerating the growth of the business.”