Corporate audio video firm acquired by Dutch rival
Posted on June 30, 2020 by Alistair Hardaker
Amsterdam-headquartered video collaboration services firm Kinly is to acquire London AV-integrator and managed services provider AVMI.
The deal, details of which were not disclosed, is hoped to support the firms strategy to expand its international presence, Kinly’s CEO said.
The combined firms will offer a proposition in the virtual collaboration space to customers. Together they operate in over 20 locations throughout Europe, USA and APAC, serving clients in over 125 countries with over 1,200 employees.
Robbert Bakker, CEO of Kinly said: “We are very excited to announce that AVMI, a leading UK based global AV integrator, will join and strengthen the Kinly team.
“Our businesses are highly complementary and we share a strong reputation with our clients as trusted adviser. AVMI brings an enviable track record in delivering complex enterprise projects globally and providing operational and service excellence.
“This powerful combination will also bring new opportunities and career prospects for our people in an exciting environment. I very warmly welcome the AVMI team on board and I am convinced that our teams across the globe will jointly create even more value for our customers.”
Commenting on the announcement,?Edward Cook, CEO of AVMI, added: “Both companies are market leaders in their own countries and I am confident that, together, we can truly compete on the global stage. “Our industry has matured to the extent that our clients now demand global coverage and a breadth of skill sets that only a handful of companies can provide. I am certain that the newly expanded Kinly will have a very exciting and successful future.”
The enlarged Kinly group will continue to be supported by Avedon Capital Partners, a mid-market growth investor based in The Netherlands and Germany.