Pascal buys out minority shareholder
WORLD: The founding team of Danish OEM amplifier manufacturer, Pascal, has bought out the company’s minority shareholder, Camco. The move follows the acquisition of Camco by L-Group in 2016.
‘The buyout of our minority shareholder allows us to continue as a fully independent OEM provider of amplifier solutions to the pro audio industry,’ said Pascal CEO and co-owner Lars Fenger. ‘As far as we are aware, we are the only OEM amplifier module provider solely focusing on the pro audio market, fully autonomous of potentially conflicting house branded products. We are thankful for the more than 10 years of collaboration with Camco, who today use our patented technology and designs in all of their Class-D based amplifiers.’
The buyout has been executed through a joint holding company, which is now sole owner of the manufacturer. ‘We are now even better positioned to accelerate an already impressive growth rate, as more and more loudspeaker manufacturers seek means to ever faster times to market, for expanding and increasingly diverse product ranges.’