News

Steljes Group confirms completion of the sale of DDi, in a management buy-out to DDi-Lizard Limited (2/9/2004)

This announcement follows a strategic review by the board of Steljes Group. The continued growth and development of the AV market brings many opportunities to the group. Specifically, the success and gains enjoyed by Steljes Group have come from leveraging a portfolio of best in class products, and operational excellence in delivering true value added distribution. The sale of DDi combined with the sale of its reseller Digital Message at the beginning of the year will allow the Steljes Group to focus on trade only distribution of world class collaborative and display technologies.

Martin Large, Managing Director, of Steljes comments "We are pleased to announce the completion of this sale. Our involvement with DDi has allowed us to understand the dynamics of operating an award winning audio-visual integration company. However, we now know it is the right time to focus on our core business. We see this sale as a very positive move for the future".

Martin continues, "Nigel Steljes and I are firmly of the view that this route will enable Steljes to build on its success as a leading specialist distributor of AV products. It is crucial that DDi and Steljes continue to support all existing and new customers and suppliers during the transition period."

Martin concludes, "These are exciting times for Steljes and DDi." The business will continue to share premises with Steljes until the end of 2004.

www.steljes.co.uk
www.ddi-lizard.co.uk