Vogel's Accuires Marmitek
Vogel's®, a market player in TV mounts and supports, has announcing its acquisition of the Dutch company Marmitek BV, which develops smart applications for audio and video. With this acquisition, Vogel's aim is to position itself more centrally as a specialist in product-based solutions to provide sound and vision products for the home and the professional market.
Marmitek will continue to exist as an independent entity , both companies will benefit from each other's strengths. Vogel's will be able to use Marmitek's knowledge and expertise in home entertainment. Marmitek will be able to use Vogel's international distribution network.
Gerdi Vogels, Vogel's CEO: "I am very pleased with this acquisition. It is an expansion that neatly complements our current activities. Through this combination, both brands can increase their position in the market and strengthen their distribution. In addition, we are looking forward to using Marmitek's product development knowledge and expertise for future developments. With this acquisition, Vogel's is spreading its wings even further. It will offer us new opportunities in our sector.”
Arthur van Horssen, Marmitek Sales and Marketing Director: "This acquisition fits perfectly with Marmitek's current development stage. For 20 years, we have developed our brand as specialists in smart audio and video solutions that allow customers to do more in home entertainment. With this acquisition, we are offered a wealth of possibilities to explore new markets and apply our product development expertise more widely. After years of pleasant collaboration between both companies, the acquisition now offers us a major impulse for growth that will allow us to act on our many ideas faster and more extensively.”
