InMotion Entertainment Group LLC has acquired 34 retail locations from APW Holdings LLC. The purchase price was not disclosed.
The stores, which under APW ownership operated as Airport Wireless, Techshowcase, Tech Interaction, Tech in a Sec and Touch Table, will be renamed as InMotion Entertainment, except one store that will carry the name Headphone Hub.
The purchase adds three airports to InMotion’s roster, bringing the total number of U.S. airports in which it operates to 40. With the acquisition, InMotion has 120 airport stores with “more aggressive growth to come,” according to Eden Goldberg, vice president of marketing and business development.
InMotion and APW will continue their long-standing relationship through partnering in joint ventures for select store opportunities, InMotion said.
“This acquisition accelerates the growth of InMotion by enhancing our footprint and increasing our market share,” says Jeremy Smith, president and CEO of InMotion Entertainment Group. “Further, we are excited that the combination of InMotion and APW will enable us to provide airport shoppers with greater access to the leading brands and products in consumer electronics and travel accessories.”
Representatives from APW Holdings could not be reached at press time.
