Midwich has acquired a majority stake in Cooper Projects Limited, the parent company of DVS Limited (“DVS”), a UK based distributor of video security products.
Based in Cardiff, DVS was founded in 2003 as a specialist distributor of CCTV and associated video recording technologies, in which it has developed a strong market reputation working primarily with leading global brand HikVision. In recent years, DVS has begun to diversify its portfolio to include complementary technologies, such as access control, intercom, and intruder detection.
DVS provides solutions for trade customers throughout the UK, across key verticals including the corporate, retail and residential markets amongst many others. An extensive range of value-add services are provided to customers by DVS including project design, ongoing technical support, training and the innovative proprietary installer programme which connects end-users with DVS customers in their geographic and technology area.
“The acquisition of DVS gives Midwich access to a significant segment of the security market in which we currently have little presence, and which is expected to grow at around 8% per annum for the next five years,” explained Stephen Fenby, Midwich Group managing director. “The knowledge and support of the experienced DVS team should help realise new opportunities for our customers in an increasingly converging technology market. Similarly, we believe that much of DVS’s extensive customer base uses or could use our core AV products in their projects. We are very excited at the prospect of supporting Tim, Gavin, David and the rest of the DVS team in accelerating the growth of the business.”
Tim Goodson, managing director of DVS added: “At DVS we have always had ambitious growth plans and combining with Midwich gives us a unique offering to both of our loyal customer bases. The Midwich team quickly grasped the understanding of our available technologies and how they could also be used by their own customers in an ever-converging space. We are super excited to be part of the Midwich group which has a wealth of experience and knowledge that we can utilise to make sure our ambitious plans are met as we look to grow DVS.”
The existing DVS management team of Goodson, Gavin Dunleavy (commercial director) and David Davies (CTO) will maintain a stake in the business and will work with Midwich to grow the business over the coming years.
