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Midwich Group is looking to raise £75m in a flotation on Aim to fund the expansion of its Diss-based audio visual products business.

Midwich has acquired PSco Group, the Reading-based distributor of display solutions.

Midwich is to relocate its Norfolk-based electronic products business to a larger site in Diss by next March, and 12 new sales and IT staff will be added to the 180-strong workforce.

Midwich, the Norfolk-based distributor of computer products, has undergone a management buy-out from Electron House in a deal worth about £15m.