carloscastilla - Fotolia
The ink has barely dried on the announcement that Tim Griffin has taken up a senior post at DCC and Exertis with a brief to strengthen the business and he gets the chance to comment on an acquisition in the AV market.
DCC has picked up Stampede, which is an audio visual distribution specialist that operates out of the US, Europe and Australia. it has also struck a deal for Kondor, a mobile accessory product specialist with revenues of £110m last year.
The acquisition by DCC Technology of Stampede provides it not only with access to a ajor ProAV distributor but also the Just Lamps subsidiary which is a major global provider of replacement projector lamps.
Kevin Kelly, Stampede, president and CEO, said that the acquisition would provide the firm with more opportunities for growth.
“Supported by the resources and long-term commitment of DCC, our employees, resellers and vendor partners will see an exciting evolution in how we go to market and the level of investment we can now make to grow our business. For our vendors, this means greater reach and scale. For our resellers, this means more investment in inventory and more, new, product categories than ever before,” he said.
For Griffin, who was only unveiled as the managing director of DCC Technology and the Exertis Group yesterday this is a chance to get stuck into a brief which included growing "our technology distribution business and expand our presence in new and existing territories", according to his new boss DCC CEO Donal Murphy.
“The acquisition of Stampede adds an exciting new brand to our portfolio that complements our Exertis brand in Europe," said Griffin.
"The combination of Stampede’s expertise in value added distribution and our resources is going to unleash a new wave of opportunity for our partners in ProAV around the world. By establishing a presence in North America, we will be strategically positioned to leverage all of the new opportunities we expect to develop as a result of this acquisition” he added.
Kondor will provide DCC with more to talk about with various parts of the channel, including retail and etailers. 'The acquisition of Kondor further enhances both DCC Technology's service proposition and its market position, where it has grown to be a leading service provider to the retail channel in Europe," the firm stated.