Business news Loewe sale successfully initiated New Optoma /


On 1st of July 2019, the in- solvency proceedings over the estate of Loewe Technologies GmbH (“Loewe”) were opened. The insolvency administrator Rüdiger Weiß from the law firm WallnerWeiß immediately initi- ated a structured international sale process to sell all assets and operations of Loewe. The assets also include the Loewe brand, that was pledged to a major lender.


In the last days, very fruitful discussions between the insol- vency administrator, the cred- itors’ committee, the Loewe management and major lenders took place. All stakeholders are convinced that a close cooper- ation increases the chances to find a new investor for Loewe. PwC has been mandated as ex- clusive M&A advisor to conduct


the international sale process. The M&A team is led by PwC’s M&A experts Timo Klees (Part- ner) and Fabian Dalka (Senior Manager).


The insolvency administrator is optimistic to find a new in- vestor for selected or all assets of Loewe that can further lever- age the iconic premium brand in the TV and entertainment business. In the course of the planned transaction, the inves- tor will not assume any existing liabilities. More than ten parties already indicated their interest and site visits have already commenced last week. Additionally, PwC will conduct a broader international market approach in the forth- coming days. The transaction is planned to be consummated as quickly as possible.


Optoma has announced that it has formed a new partnership with ICT distributor, Pinna- cle, to distribute its cost-ef- fective business projectors across southern Africa. Mohsin Abakhti, Optoma’s Territory Manager, said: “We are de- lighted to announce Pinnacle as our new distribution partner for our cost-effective business projectors in Southern Africa. With Pinnacle’s


experience


and knowledge in these coun- tries, we will increase our pres- ence and strengthen our distri- bution channel. Our products and their experience - it is a perfect match.”


Pinnacle is one of South Af-


rica’s leading ICT distribution companies. Formed in 1993


Optoma W334e projector- one of the company’s range of cost-ef- fective businesss projectors.


Navigator reinforces Vivitek distribution network in Sweden


Vivitek has announced a dis- tribution agreement with Nav- igator Nordics in Sweden:


Navigator, established in 2018, is an opportunity driven distributor that was created to


Pinnacle partnership


and with its headquarters in Midrand, Johannesburg, Pin- nacle has more than 25 years’ experience in ICT distribution across Southern Africa. It of- fers a wide range of top interna- tional ICT hardware equipment and peripheral brands includ- ing Asus, Microsoft, Intel, HP, DELL, LG, Samsung, and Le- novo.


Vestel appoints Audio Visual Material as distributor


Rapidly emerging AV brand, Vestel, has announced the ap- pointment


of trade-only dis-


tributor, Audio Visual Material (AVM). The move comes at an exciting time for the brand, coinciding with the launch of its first ever range of digital signage, videowall and interac- tive displays under the Vestel name.


Set to distribute most of the


Vestel collection of 24”- 98” digital signage displays, 49”- 65” videowall and 55”- 86” interactive displays, AVM will offer everything from the Ves- tel edge-thin UEM 4K display collection to the Vestel 65” 4K


features, such as a concealed USB cover.


Thanks to the sheer scale of its production at the company’s world renowned 1.1 million m² R&D and manufacturing facili- ty in conveniently located Tur- key, Vestel is uniquely placed to bring the latest trend-setting designs to market much more quickly and affordably. This drive to offer customers an extra competitive advantage is something that both compa- nies have in common. Head of Vestel sales in the UK, Mark Dew, explains, “This dedicat- ed and specialist professional AV distributor is the perfect partner, not least because, like us, it is committed to offering exceptional value. Sharing our passion for delivering a more customised and personalised service, the AVM team mem- bers not only promise best in class


audio visual technical


support, but also best in class customer service, with 96% of their customers rating AVM as ‘excellent’ or ‘very good’.” AVM MD Mark Nisbet adds ,“although


the The iconic Loewe brand a premium asset in the sale of the business.


Midwich acquires Entertainment Equipment Supplies S.L


Midwich continues its interna- tional expansion with the acqui- sition of the entire issued share capital of Entertainment Equip- ment Supplies S.L. (EES) by Mid- wich Spanish subsidiary Earpro S.A (“Earpro”). EES is a Spanish value-added distributor of lighting and lighting infrastructure prod- ucts.


Based near San Sebastian, and founded in 2004 by Nacho Acha-Orbea, EES distributes products from key vendors includ- ing Robe, Verlinde and Prolyte on an exclusive basis to the Spanish trade market, with a particular focus on customers servicing the live


events and rental sectors, many of which are new customers for the Group.


The acquisition will strengthen Midwich’s position in the Spanish and Portuguese markets, particu- larly in relation to lighting. Earpro and EES will work closely together to maximise commercial opportu- nities, with the aim of continuing


to enhance the Group’s service levels and proposition to its cus- tomers.


Miguel Mezquita, Managing Director of Earpro, comment- ed: “Having known Nacho and his team for a number of years, I am confident that we can look forward to a successful partner- ship between Earpro and EES. I believe we will now be able to provide customers of both com- panies with an even higher level of service, whilst continuing to strengthen relationships with our vendor partners.”


Nacho Acha-Orbea, Managing Director of EES commented: “I am excited at the opportunity to work with my new colleagues at Earpro and the Midwich Group. I am confident that by becoming part of the Group we can contin- ue to build on the strong platform and market leading position we already hold in the Iberian light- ing market.”


NovoTouch panels - ranging in size from 65 to 98 inch - combined with the NovoDisplay digital signage panels and slim bezel LCD video wall displays provide complete and innovative solutions to the Vivitek dealer base


“Navigator’s strong distribution development in the market for visual displays and collabora- tion solutions in the confer- ence room, were key reasons for Vivitek to add Navigator Nordics to its network in Swe- den. The expertise and com- plementary portfolio we can of- fer in display solutions creates many opportunities, including the imminent introduction of NovoDisplays and the Delta LCD Videowalls to address the increasing demand for digital signage solutions,” explained Linnea Bergh, Sales Manager, Vivitek Nordics.


meet, serve and drive new mar- ket demands in the distributor landscape. Navigator’s team work closely with the market to create display solutions that truly add value through long- term, loyal and reliable part- nerships.“ Vivitek’s portfolio of NovoTouch panels - ranging in size from 65 to 98 inch - com- bined with the NovoDisplay digital signage panels and slim bezel LCD video wall displays, are a logical extension of our portfolio as we work to provide complete and innovative solu- tions to our dealer base,” add- ed Linnea Bergh.


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“As the largest global producer of interactive displays, this scale of operation means they can pro- vide high quality products at a price point to suit all budgets.” AVM MD Mark Nisbet on the dis- ti’s appointment by Vestel.


PCAP interactive display se- ries and high brightness range. Promising incredible bright- ness levels of 1000 and 2500 Nits, the PDX extra bright 55” and 75” displays not only offer OPS compatibility with Android and Windows


PC modules,


but also plenty of connectivity and tiling options as well as a whole host of additional design


Continued on Page 16 Vestel brand


name is relatively new in the UK, it has enormous expertise in the displays market. As the largest global producer of in- teractive displays, this scale of operation means they can pro- vide high quality products at a price point to suit all budgets. The brand is a superb addition to our Displays Specialist divi- sion.”


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