MBL swoops for digital group

HOME entertainment products distributor MBL  is to buy a London-based digital media specialist for nearly £840,000.

The Bury-based group will pay £664,950 in cash for Ealing-based Global Media Vault, with the balance made up by the issue of 102,400 new shares.

Media Vault, which was established in January this year, is a digital media distribution business and has a comprehensive catalogue of digital entertainment content, including a digital touch-screen kiosk allowing shoppers to buy music, films and games.

The company provides retail solutions for customers from a range of different territories and industries.  It provides website, touch-screen kiosk, mobile and in-home retail platforms to customers wishing to sell digital content to their consumers. 

MBL which distributes CDs, DVDs and computer games to major retailers across the UK, has bought Media Vault to further extend its service offering to include the distribution of digital entertainment content. 

MBL is now in a position to offer both in-store and online fulfilment of entertainment content to customers.

Trevor Allan, chief executive of MBL said: “We are delighted to have entered the digital arena.  We are committed to offering our customers a one-stop entertainment distribution solution and this is a major step towards that goal.”

Matthew Porter, GMV’s managing director added: “”We have been seeking a partner for some time now who can support the development of our rapidly growing company. 

“Joining the MBL Group gives us the strength and credibility necessary to drive our business further forward. It’s a great strategic fit for us.”