New ownership for ADAM
WORLD: ADAM Audio is under new ownership following an acquisition by Germany’s CWM holding company. As previously reported, the manufacturer ran into difficulties with capital funding after taking on too many projects and products. CWM plans to invest in ADAM Audio to bring production back up to normal and to invest in new products.
‘ADAM Audio is known worldwide in the pro audio industry for its superb speakers,’ said Sebastian Canzler, a representative of the new shareholder. ‘Due to the high precision and quality of the products as well as the large technical expertise of its employees, the company has very quickly become a leading supplier of professional audio monitors. All of this provides a very good basis for further growth, which we strive for together with the existing team.’
‘With CWM we have a partner on our site that supports our passion for innovation and helps us realise our full potential,’ added Sven Schmöle, managing director of ADAM Audio. ‘Our task now is to resume production as soon as possible in order to supply our customers with products again.’