Stampede Europe buys Just Lamps
Stampede has announced that its European subsidiary Stampede Europe has acquired all of the assets of Just Lamps, including the affiliated brand Diamond Lamps.
"This acquisition should serve as a model for the entire 21st century ProAV industry," declared Stampede CEO Mark Wilkins. "It brings together two companies that possess market leadership, proven business models, subject matter expertise, and well-built sales and marketing infrastructures and combines them into one new global powerhouse that will immediately impact the way manufacturers go to market. Stampede is now the only AV specialist able to offer value added distribution in the United States, Canada, Latin America, Europe, Asia, and Australia."
According to Stampede president & COO Kevin Kelly and Just Lamps MD Dave Bethell, the acquisition meets the strategic growth objectives of both companies.
Bethell added: "It provides Stampede’s North American resellers with immediate access to the world’s best assortment of replacement projector lamps! Our team of lamp experts will now become part of the Stampede sales team and be able to support their projector lamp sales and support efforts. This acquisition really does transform the global distribution of ProAV products, creating amazing new opportunities for both companies, their partners, and their resellers. Both Just Lamps and Diamond Lamps are strong companies enjoying a strong year of sales. However, we all know there is limited scope for dramatic growth in our market without significant diversification. The acquisition by Stampede provides us with the diversification we need to achieve our future growth objectives."
According to Kelly and Bethell, Just Lamps will continue to operate from its current UK headquarters in Thatcham.
All Just Lamps senior management, including Dave Bethell, will continue to work for the company. "We will continue to sell replacement projector lamps under the Just Lamps name. Over time, new Stampede products will be added to our offerings," said Bethell. .”
The acquisition is the latest in a series of strategic moves Stampede has undertaken, in February the company announced its expansion into the European market with the launch of Stampede Europe.