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Amber Technology completes acquisition of Hills’ AV business

Amber Technology completes acquisition of Hills’ AV business
January 8, 2020

Distributor Hills Limited has sold its Australian and New Zealand Audio Visual (AV) business to NSW-based Ambertech subsidiary Amber Technology.

Under the sale agreement, concluded in the middle of last month, the majority of the Hills AV staff will transfer to the AV-focused Amber Technology, as well as Hills AV’s brands that are distributed by Hills in Australia and New Zealand.

Hills is expected to collect payments for customer sales before the completion date, while Amber Technology is expected to fulfill outstanding AV orders at the date of completion.

Hills Managing Director and Chief Executive, David Lenz said the sale of its AV business represents how Hills’ “future lies in the health, technical services and security technology sectors.”

Lenz also said the sale would be a positive outcome for Hills’ AV business due to Amber Technology’s 30 years of experience in the AV industry.

Lenz added “Hills has a long history of participation in the AV markets in Australia and New Zealand.

“We are very pleased to have found a new opportunity for our AV colleagues, customers and suppliers at Amber Technology.

“We have appreciated the support of our customers and suppliers over many years.”

Explaining that he was “extremely excited” to merge the Hills AV business into its integrated solutions division, Ambertech Managing Director, Peter Amos stated "we look forward to welcoming the Hills staff into our company, the brands represented by Hills into our portfolio, and many new customers into a relationship with Amber Technology.

“We are 100% focussed on serving the AV markets in Australia and New Zealand, and this is a wonderful opportunity for us to bring together two passionate and professional teams to create a stronger organisation that will better serve our customers and manufacturer-partners.”

Click here to contact Amber Technology via their listing in the Australasian Leisure Management Supplier Directory.

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