DED – the distributor of Point of Sale (PoS), plastic card and OEM/kiosk products – has announced that a new chairman, Tim Downes, is now steering the business having acquired 100% of the company’s share capital.
Mike Davis, founder and chairman of DED (which has been a family-owned and run concern for over 30 years now) commented: “We started looking for someone that would take DED to another level thanks to the introduction of new ideas, enthusiasm and an in-depth knowledge of how to grow a distribution business. We were also looking for someone who would keep all of our current staff. Finally, after a long search, we’re delighted that Tim Downes meets all of those specific requirements.”
Downes brings with him a wealth of experience that will benefit plans to expand DED’s already proven track record in the PoS, plastic card and OEM/kiosk markets. He boasts considerable experience of driving growth in similar-sized businesses and is well recognised for his strategic approach to business growth and development.
When asked about the purchase of DED, Downes told Risk UK: “The team at DED is clearly very experienced, knowledgeable and talented and I’m really looking forward to developing future strategy from such a sound base point.”
On his plans for the future at DED, Downes commented: “The company’s strength in its established sectors is clear. My plan is to consolidate those strengths and then identify and develop additional synergistic business opportunities.”
Elliot Davis said: “I’m very excited about the future for DED and am looking forward to working with Tim. Together, we plan to grow the business with new products and solutions for our customers and build on what the team at DED has already achieved to date.”
Planning for an effective handover
Mike Davis and Christine Davis have now retired. Alex Davis is planning to study for a degree in Ancient History at the University of Kent, but will remain with the company initially to ensure that the accounts and logistics side of the business are handed over effectively during Downes’ first few months.
Elliot Davis will continue in his current position at DED, ensuring a seamless transition of ownership.
The staff and location of DED remain the same so it will be business as usual, with Elliot and Downes handling the day-to-day running of the company.
Formed in 1983, DED is based in Lydd, Kent. Accredited by the NQA to the BS EN ISO 9001:2008 Quality Standard, DED is a major distributor of solutions for a number of companies including Star Micronics, Datacard, Evolis, Zebra, Honeywell, Posiflex, Bixolon, Ergonomic Solutions, CipherLab, Tysso, Socket Mobile, Sbarco, iZettle, PayPal, Payleven, Nippon Primex and Axiohm.