Midwich has announced it has entered a binding agreement to acquire Nimans and its subsidiaries from Nycomm Holdings.
Based near Manchester, Nimans was founded in 1981 and trades with over 2,500 telephony, IT and retail customers. The company employs over 200 staff and offers solutions in categories including unified communications, VoIP, security, and networking. Key vendor relationships include Yealink, Jabra, and BT.
Stephen Fenby, managing director, Midwich Group (pictured), explained, “Nimans is a long-established business with a great reputation for technical excellence, customer service and logistics competence. Its traditional telecoms market has been changing, bringing with it new revenue opportunities which the company has developed strongly, in areas such as unified communications, video conferencing, security and networking. I believe that the combined skill sets and capabilities of Midwich and Nimans bring a unique offering into the market in terms of providing complex solutions involving multiple technologies.”
Paul Burn, purchasing and operations director, Nimans, said, “This is a really exciting development for Nimans. For our staff it opens new opportunities within a group that shares our core values and secures an exciting future. For our customers and suppliers, it gives access to new markets and opportunities that can only be a win, win for everybody.”
Fenby added, “I know that partnering with Midwich was a big decision for the owners of Nimans, and we are delighted that they chose us to continue the legacy of the company’s founder, Julian Niman. We have known the Nimans team for many years, and I believe there is a great cultural fit between the two businesses.”
Nimans generated consolidated revenues of £114.3 million for the year ending 31 December 2020, according to its latest audited financial statements. Completion of the acquisition is subject to FCA approval and expected in the first half of 2022.