Online musical instrument specialist Gear4music has completed its £9.2m acquisition of AV Online. The move will extend Gear4music’s range into HiFi, home cinema and specialist AV equipment.
Gear4music CEO Andrew Wass commented: “We are very pleased to have completed the acquisition of AV Distribution Ltd trading as AV Online, and welcome the team into the Gear4music Group. With the launch of AV.com scheduled for January, we look forward to building on the profitable growth achieved by AV Distribution Ltd, and leveraging the strength of our eCommerce platform and our European infrastructure to accelerate our growth in this £2.7bn European market.”
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