AVM acquires Matrix Display Systems
An all cash deal makes AVM the biggest player in its field
Audio Visual Machines (AVM) has announced that it has acquired Matrix Display Systems in an all cash deal.
With this acquisition, the combined AVM Group is now the largest audio visual systems integrator in the UK with a turnover of £45m, the company says.
It has 250 employees and its coverage across the UK has doubled in size, with offices in London and the South-East, Bristol, Leeds, Birmingham and Scotland. It also has over 700 clients globally including major companies such as BP, BT, eBay, Sainsbury’s and Virgin.
Backed by Octopus Private Equity and HSBC, AVM has pursued an aggressive growth strategy; the Matrix deal is the company’s sixth acquisition in the last three years.
The vendor is a £23m business, described by AVM as ‘the leading provider of audio visual services to the UK education sector’. It also has a significant client base in corporate and public organisations, and is a main supplier of services of this type to the Ministry of Defence.
“Matrix provides us with a wealth of experience and a sizeable customer base,” said Edward Cook, chief executive officer of AVM. “By combining this with AVM’s already impressive client portfolio, we have created the UK’s largest provider of AV and video conferencing services.
“This enables us not only to improve and broaden the services we offer our customers, but to take a leadership position in one of the UK’s most exciting and dynamic industries.”
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