STAMPEDE EUROPE ACQUIRES JUST LAMPS
Stampede’s European subsidiary Stampede Europe has acquired all of the assets of Just Lamps, including the affiliated brand Diamond Lamps.
Stampede CEO Mark Wilkins: “This acquisition… brings together two companies that possess market leadership, proven business models, subject matter expertise, and well-built sales and marketing infrastructures and combines them into one new global powerhouse that will immediately impact the way manufacturers go to market.”
According to Stampede President & COO Kevin Kelly and Just Lamps Managing Director Dave Bethell, the acquisition meets the strategic growth objectives of both companies. “This acquisition instantly turns Stampede into a major global distributor that can offer our North American manufacturer partners an effective worldwide distribution solution that meets the Stampede standard for excellence in sales, service and support. This presents a huge opportunity for manufacturers looking to simplify their distribution programs by anchoring them in one global leader. They can now leverage the expertise of the world’s largest team of dedicated pro AV sales professionals that are 100% dedicated to the pro AV business.”
Bethell says the timing of the acquisition was just right. “Both Just Lamps and Diamond Lamps are strong companies enjoying a strong year of sales. However, we all know there is limited scope for dramatic growth in our market without significant diversification,” he said. “The acquisition by Stampede provides us with the diversification we need to achieve our future growth objectives.”
According to Kelly and Bethell, Just Lamps will continue to operate as it has from its current UK headquarters in Thatcham. All Just Lamps senior management, including Dave Bethell, will continue to work for the company and, over time, add Stampede products to its offerings.
The acquisition is the latest in a series of strategic moves Stampede has undertaken to strengthen its position as a leading AV specialist. In February, the company announced its expansion into the European market with the launch of Stampede Europe. Previously, Stampede played a pivotal role in establishing and developing low cost video conferencing, unified communications, and drone video systems as sustainable revenue generating product categories.