France: with its sixth acquisition this year, Danish multispecialist EET Europarts takes over French AV specialist A2L for an undisclosed amount. "A2L is a very well-reputed niche distributor of Pro-AV solutions in France. The company provides a wide range of quality brands, products and technical solutions as well as highly qualified service and support to professional AV installers and integrators, and as such the company is a perfect match for us to continue to grow our Pro-AV & Digital Signage business further", says Søren Drewsen, Group CEO at EET Group. "Our ambition is to become one of the leading distributors of Pro-AV & Digital Signage in Europe before 2020, and the acquisition of A2L is one more step in that direction. It will add new competences and important brands to our portfolio as well as bring even more skilled and specialized employees into the organization, strengthening our value-added services to the Pro-AV customers."
As part of the acquisition, a team of experienced employees from A2L will join the EET Europarts Pro-AV team in France. Florent Berge, Managing Director at EET Europarts France, says: "A2L is well known for its dedicated Pro-AV technicians, who are technically skilled, trained and available to give technical support in order to research and select the products, brands and solutions best suited to match the customer's needs. Furthermore, A2L has a strong market position within Pro-AV solutions, serving the French market with high-end products from i.a. NEC Display & NEC Enterprise, Dynascan, Chief, Igel, Samsung etc. I am confident that this, in combination with EET Europarts´ business platform and unique and effective distribution model, will strongly support the growth of our Pro-AV business."
Group CEO Søren Drewsen concludes: "we are continuously on the lookout for companies that show interest in being acquired. Historically we have been very successful in performing acquisitions, and we have clearly demonstrated the ability to develop and grow the acquired business activities significantly with our expertise, our business model and our wide distribution network. Therefore, acquisitions are continuously an important part of our growth strategy, and we expect to complete more acquisitions in near future."