Astorg invests in Audiotonix
Published: WORLD
WORLD: European private equity firm, Astorg, has invested in Audiotonix, the parent company behind Allen & Heath, Calrec and DiGiCo. Completion of the transaction is anticipated to close in the first quarter of 2017, subject to satisfactory clearance from relevant competition and regulatory authorities.
‘We are delighted to partner with Astorg who have demonstrated an impressive understanding of our business and our core strengths,’ said Audiotonix CEO, James Gordon. ‘With their support we aim to capitalise on our manufacturing capabilities, strengthen our worldwide development programme and enrich our product portfolio.’
‘We are thrilled to invest in Audiotonix and support its fast growth trajectory,’ added François de Mitry and Stéphane Epin, partners at Astorg. ‘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.’