Hills exits AV business with sale to Amber Technology

Hills exits AV business with sale to Amber Technology

David Lenz (Hills Limited)

Credit: Hills Limited

Distributor Hills Limited has announced its intentions to sell its Australian and New Zealand Audio Visual (AV) business to AV-focused distributor Ambertech subsidiary Amber Technology.

Under the agreement, the majority of the Hills AV staff will transfer to the AV-focused Amber Technology, as well as Hills AV’s brands that are distributed by Hills in Australia and New Zealand.

Hills is expected to collect payments for customer sales before the completion date, while Amber Technology is expected to fulfill outstanding AV orders at the date of completion.

If the agreement is approved by Ambertech shareholders, the sale is expected to go through in early December.

David Lenz, Hills managing director and chief executive officer, said  the selling of  its AV business represents how Hills’ “future lies in the health, technical services and security technology sectors.”

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