Audiotonix, the parent company of Allen&Heath, Calrec and Digico, has entered into an agreement to be acquired by Astorg, a private equity firm based in France. The transaction is expected to happen quickly, with closing scheduled as soon as late March 2017 according to StockMarketWire.
Allen&Heath and Digico are audio console manufacturers based in the UK, both of which have a substantial share of the house of worship market worldwide. Calrec consoles are found primarily in larger broadcast applications.
James Gordon, Audiotonix CEO, says in a report published by mondo*dr, “We are delighted to partner with Astorg who have demonstrated an impressive understanding of our business and our core strengths. With their support we aim to capitalize on our manufacturing capabilities, strengthen our worldwide development program and enrich our product portfolio.”
Astorg partners, François de Mitry and Stéphane Epin released a statement about the acquisition, saying, “We are thrilled to invest in Audiotonix and support its fast growth trajectory. In a dynamic live sound industry, Audiotonix differentiates itself by the undisputed quality of its product, superior support to their clients, and a brilliant management team. This brand equity was crafted by years of pioneering research and development, and a long-term vision of managers who are passionate and innovators of their business. We are extremely pleased to support James Gordon and his team to bring Audiotonix even further.”
