Audiovisual distributor Midwich has acquired Nimans for £27.5m.
Nimans was founded in 1981 and turned over £114.3m in 2020, its most recent audited year.
Stephen Fenby, Midwich Group Managing Director, said: “Midwich continues to grow its UC offering and Nimans brings further opportunities to the Group, in terms of skills in new product and technology areas, service offerings to the trade, a large new customer base and new vendor relationships.
“I believe that the combined skill sets and capabilities of Midwich and Nimans bring a unique offering into the market with the ability to provide complex solutions involving multiple technologies.
“I look forward to welcoming the whole Nimans team into the Midwich Group."
Nimans has been acquired from its holding company Nycomm, with Midwich saying the acquisition includes all Nimans subsidiaries.
The distie’s vendor partners include Yealink, Jabra and BT, while it claims to have 2,500 telephony, IT and retail partners along with 200 employees.
Midwich said it will pay £16.5m cash upfront for the business, with two fixed installments of £5.5m to follow over the next two years.
