30.07.12

AVM gears up for expansion after MBO

AVM is to ramp up expansion plans after undergoing a secondary management buy-out (MBO) and securing further investment.

The MBO - led by CEO Edward Cook and largely financed by Alcuin Capital - also marks the departure of chairman Sandy MacPherson, who has left his non-executive position at the company.

Cook said he believed the company had plenty of room to expand; suggesting possible future acquisitions, growth in areas such as unified communications and investment in resources and staff.

He also noted MacPherson’s efforts in establishing the AV Global Alliance and overseeing recent acquisitions the company has made, stressing that his departure was part of the natural progression of AVM.