09.07.08
AVM acquires Matrix Display Systems
Audio Visual Machines Ltd (AVM), the UK based integrator of audio visual and video conferencing systems has announced the acquisition of Matrix Display Systems, in an all cash deal.
According to AVM, this now makes them the large audiovisual systems integrator in the UK, with a turn over of £45m. The company now has 250 employees in the UK, with offices in London, Bristol, Leeds, Birmingham and Scotland. Backed by Octopus Private Equity and HSBC, AVM has pursued an aggressive growth strategy, with Matrix being the company’s sixth acquisition in the last three years.
Edward Cook, CEO of AVM said, “We are delighted to bring Matrix and its staff into the AVM Group. Matrix provides us with experience and a sizeable customer base.”
Sandy MacPherson, AVM’s Chairman, said: “This latest deal firmly establishes us as a the dominant player in the UK’s fast growing AVSI market. AS both private and public sector organisations demand more sophisticated AV and video conferencing solutions, we are seeing increasing consolidation within the UK industry – this development is fully in line with our strategy to continue to expand via acquisition.”