DED, the UK distributor of point of sale, identity card printers and kiosk products, reports that a new chairman, Tim Downes, has acquired 100pc of the share capital of the company.
Mike Davis, founder and chairman of DED, a family owned and run business for over 30 years said: “We started looking for someone that would take DED to another level with new ideas, enthusiasm, in depth knowledge of growing a distribution business, plus someone who would keep all of our current staff. We finally, after a long time, found Tim Downes who met all of our requirements.”
Tim Downes said: “The team at DED is clearly very experienced, knowledgeable and talented and I am really looking forward to developing the future strategy from such a sound base point.” On his plans, Tim said: “DED’s strength in its established sectors is clear, my plan is to consolidate those strengths and to identify and develop synergistic business in addition.”
Elliot Davis said: “I am 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 achieved to date.”
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 the accounts and logistics side of the business are handed over during Tim’s first few months. Elliot Davis will continue in his position at DED.
The staff and location of DED remain the same, with Elliot and Tim handling the day-to-day running of the company.
About DED Limited
Formed in 1983, DED Limited is based in Lydd, Kent. The company distributes ‘Specialist’–Kiosk/Receipt/Label/Ticket–Printers, PoS Equipment, CCD and Barcode Scanners, Magnetic and Smart Card Readers and Writers, Cash Drawers, Pole Displays, Plastic Card Printers and Touchscreen Terminals. DED is a distributor for companies such as: Star Micronics, Datacard, Evolis, Zebra, Honeywell, Posiflex, Bixolon, Ergonomic Solutions, CipherLab, Tysso, Socket Mobile, Sbarco, iZettle, PayPal, Payleven, Nippon Primex and Axiohm. DED also supply NFive and Exchange IT Software.
