Originally featured on BroadcastEngineering.com
Loud Technologies acquires Martin Audio

Loud Technologies, which already owns the EAW and Mackie speaker lines, has announced its agreement to purchase Martin Audio of the UK. The agreement involved Loud's purchase of all of Martin's outstanding capital stock. Estimates of the total value of the deal, which is subject to adjustment for third-party debt and net working capital at the time of closing, range from $33 to $35 million dollars.

David Bissett-Powell, managing director of Martin Audio commented, "Ours is one of the few mature industries that has no dominant player. It seems apparent, however, that to be a small independent is becoming tougher on the world stage. We recognize the need for multiple disciplines and by becoming part of Loud, we immediately have access to further resources, both technical and financial, to assist our team in reaching their goals."

Jamie Engen, CEO of Loud, said that Martin Audio would remain an independent brand within the group, and that synergies would arise that would mutually benefit both the clients and the expanded group.

For more information, visit www.martin-audio.com.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Wednesday 9:02AM
Analysts: TV Regs 'Not as Dire as We Thought'
We feel the negatives are known and are a lot more comfortable recommending the space.

Featured Articles
Discover TV Technology