Hills SVL acquires Herma Technologies
Posted on Thursday, February 2nd, 2012
AV distributor, Hills Sound Vision Lighting (SVL), yesterday announced the acquisition of Melbourne based AV distribution company Herma Technologies Pty Ltd, a company with significant market share of the residential and commercial projection screen markets through its LP Morgan, Grandview and 2C brands. Herma also distributes SunBrite Outdoor LCD screens, Reply Systems wireless interactive technology, Brightline video conferencing lighting solutions and Panamorph lenses.
Group General Manager of the Hills SVL Group, Stuart Craig, announced: “On the back of our recent expansion with the Denon and Marantz Group, this is another significant expansion for Hills SVL. The Herma acquisition makes sense in many ways. It’s another step toward SVL offering an end to end solution for our customers and allowing us to take our ‘intuitive integrated solutions’ program to a whole new level. It also helps the SVL Group establish some new channels in the residential and IT markets which are key to our on-going growth.”
Craig sees this acquisition as an expansion opportunity for Herma as it becomes part of a much larger team, whilst it will leverage SVL’s strengths in the commercial and education markets. “Customers of both SVL and Herma will see immediate benefits”, he continues. “Herma will keep its identity and will not be merged into Hills SVL, it will operate as a division of Hills SVL just as Crestron and Australian Monitor operates.”
“Everyone at Herma is enthusiastic about the Hills acquisition.” says Carlinea Williamson, Managing Director of Herma Technologies. “We see it as an exciting new chapter for the company. The team at Herma is looking forward to working with Hills management to maintain the high level of service and support we are known for. The backing of a major Australian company will bring great opportunities for Herma to continue developing and expanding its offering in both manufactured and distributed products.”
The Hills SVL group now incorporates six divisions; Crestron Australia and New Zealand, Australian Monitor, Herma Technologies, Hills SVL Audio Solutions, Hills SVL AV Solutions and Lighthouse Entertainment & Architectural Lighting Solutions.