Avedon Capital-backed Kinly acquires MK2 Audiovisual
Kinly, a portfolio company of private equity firm Avedon Capital Partners has acquired MK2 in a deal that fits in with Kinly’s strategy of strengthening its position in the audio-visual and visual collaboration market through organic growth and strategic acquisitions.
In recent years, MK2 has rapidly developed from Breda into a market leader in the Netherlands within the field of audio-visual solutions and can count many leading businesses as long-term customers.
Together, Kinly and MK2 are the experts in the Dutch market for IT-driven AV and visual collaboration solutions. Kinly increases its AV knowledge and experience. For MK2 and its customers, this means broadening the portfolio with the Kinly Cloud platform and managed visual collaboration solutions.
The joint Kinly organisation in the Netherlands and Belgium has more than 200 employees spread over offices in Amsterdam, Breda, Eindhoven, Zwolle, Breukelen and Ghent. With the acquisition, Kinly has 600 employees worldwide, across offices in Norway, the United Kingdom, the United States, Singapore, the Netherlands and Belgium.
"The acquisition of MK2 is the first acquisition that fits perfectly within our strategy adopted at the end of last year to become a global leader in this market and to support existing and new global customers,” says Magnus Ekerot, CEO of Kinly.
"The acquisition by Kinly is an important next step in the growth of MK2. We quickly expand our current portfolio of visual collaboration solutions, which is a nice addition to our current and future services,” said Roel Vermaat and Jeroen van Doorn, owners of MK2.