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Archive of the Mergers and Acquisitions Category

A United ‘Console’ Kingdom

DiGiCo, Allen & Heath and Calrec announce the formation of a new ProAudio Group

The DiGiCo team has spent the last 18 months consulting with Electra Partners about the possible combination of both Allen & Heath and Calrec with the DiGiCo family. The culmination of this brings together three British console companies to create a new professional audio group, while retaining their unique skills, customer relationships and the identities of each brand.

James Gordon will become Group CEO supported by a strong and talented management from across the new group. When asked about what this means for the future, James said:

“We have bold plans for the group but it is imperative that each company maintains its own independence and style. None of these brands needs to trade off each other’s technology or reputation.”

“These are three great companies and all the brands currently in the group have enviable reputations for technology, audio quality, reliability and perhaps, most importantly, customer focus and care. The strategy is to share technology and resource across the group and allow some interconnectivity across the product lines.”

“The combined R&D teams are about to enter a new world of possibilities and we intend to take full advantage of their resource, passion and experience. It’s an amazing opportunity for us, and just maybe the whole British Pro Audio industry.” more

TRANSAUDIO GROUP TO DISTRIBUTE BETTERMAKER’S UNIQUE ANALOG EQUALIZERS WITH PLUG-IN REMOTE CONTROL

LAS VEGAS, NEVADA: TransAudio Group, U.S. distributor of high-end professional recording equipment, is pleased to partner with Bettermaker, the creator and manufacturer of the world’s first analog equalizers that can be controlled, automated, and recalled from a plug-in or Eprom. The Bettermaker’s flagship EQ232 possesses two (strictly analog) audio channels, each with a mastering-quality switchable high-pass filter, Pultec-style passive equalization, and clean parametric equalization. The modular 500-series EQ502P and EQ542 possess only the passive equalizers and only the parametric filters, respectively, and are also stereo.

Although its 100% handmade construction and stunning sound quality puts it in league with the very best boutique analog equipment on the market, Bettermaker’s unique niche is plug-in control (available in RTAS, 32-bit or 64-bit VST, and AU), which gives it all of the convenience of a digital plug-in, including automation and recall. The plug-in provides an A/B comparison feature, which goes beyond “bypass/in” to allow comparison of two separate equalizer settings. It’s also worth noting that engineers who aren’t using the plug-in can still store up to 399 presets for instant recall from the front panel via Eprom.

Marek Walaszek, an accomplished mix engineer, producer, and DJ based in Warsaw, Poland and the chief engineer and owner of Addicted to Music Studios, conceived, prototyped, and is now manufacturing the Bettermaker. “It started with the dream of a stereo Pultec that I could use on my stems or my master bus,” explained Walaszek. “Because I’m a mix engineer, I mostly work with other people’s session files. I recognize the convenience of recall – I can work on a mix, send it to the client, and then make requested changes weeks later. I wanted that same convenience in my outboard gear.” Walaszek got together with a friend and began prototyping his vision for a best-in-class analog equalizer that could gracefully accommodate the modern workflow.

After the usual false starts and an abundance of tinkering, the Bettermaker emerged and quickly found an eager audience. Grammy Award-winning engineers, such as Bob Katz, Jaycen Joshua, Dave Pensado, and Jimmy Douglass, as well as mastering engineers, such as Tim Boyce and Ludwig Maier, immediately put the Bettermaker in their “indispensible” racks and praised it loudly. The industry as a whole took notice as well: the Bettermaker earned a Resolution Award nomination in 2013 and won the Music Tech Excellence Award in 2012 and NAMM’s Best In Show award in 2013.

“As often happens with great inventions, it may seem obvious in hindsight,” said Brad Lunde, president of TransAudio Group. “There is, of course, tremendous value in great analog processing paired with plug-in control, automation, and recall. But I should also emphasize that the Bettermaker is not merely a gimmick. The Bettermaker’s sound quality would win converts and awards in its own right, and the plug-in functionality is well designed and robust. These two zero-compromise features come together in the Bettermaker to create something extraordinary. We at TransAudio Group were excited to learn that Marek is already cooking up new Bettermaker products that will pair analog audio circuitry with plug-in control!”

In addition to the three “stock” Bettermaker models (the EQ232P rack mount with all equalizer channels, the modular EQ502P Pultec section, and the modular EQ542 parametric section), Bettermaker offers two optional modifications of the flagship EQ232P. The first option converts its dual mono operation into M/S operation, a popular choice among mastering engineers. The second option forgoes the front panel controls entirely (at a cost savings) for users who plan to use plug-in control exclusively. These two options can also be combined.

ABOUT TRANSAUDIO GROUP TransAudio Group, founded by industry veteran Brad Lunde, has quickly become the premier U.S. importer/distributor and/or U.S. sales and marketing representative for high-end audio. Success hinges on TransAudio providing dealers and end users with a higher standard of product expertise and support far beyond the norm.www.transaudiogroup.com

The Bettermaker products are now shipping.
MSPRs: EQ502P: $1,775.00 • EQ542: $1,775.00 • EQ232P: $6,100.00

Red TX Joins The Remote Recording Network

Broadcast audio specialist Red TX has joined Europe’s leading live recording initiative Remote Recording Network. Whilst contributing to managing and engineering music and broadcast assignments on a global and cost-effective basis, RRN offers bespoke solutions that cater for all kinds of transmission, recording, mixing, mastering, duplication and publishing.

Remote Recording Network GmbH had last year joined forces with Dutch mobile recording company Eurosound bv and had integrated the German ‘RemoteTaxi’ enterprise to establish the initial ‘Network’.

Peter Brandt, head of Remote Recording Network and a man with over 30 years’ experience of recording and mixing international rock, pop, jazz, and classical artists, says: “Bringing Red TX into RRN will benefit our European customers by giving them access to a fully digital truck based in Europe that can handle high-end surround sound projects, particularly for broadcast.”

Tim Summerhayes, CEO of Red TX, adds: “I have known Peter Brandt for many years and we have worked together on numerous projects in the past. I am very excited by this collaboration because it allows us to utilize our combined technical resources in a very effective way. There is a huge requirement for mobile digital recording facilities in Europe and by joining forces with the Remote Recording Network we can now provide the necessary human and technical resources to meet this demand.”

Red TX has two state of the art recording units, RED 1 and RED 2. Both are equipped with Studer Vista 8 Digital Mixers, PMC 5.1 surround sound monitoring and Pyramix, Pro Tools and Reaper recording systems. They also have extensive racks of outboard equipment and digital effects, and are internally designed to very high acoustic specifications. RED 2, which is the larger of the two units, will be located as required, between the RRN HQ in Germany and Eurosound bv’s base in The Netherlands, while RED 1 will remain at Red TX’s premises in the UK.

“Our model of using international partners to combine resources and equipment is very valid, especially in a world where businesses need to reduce their carbon footprint as much as they can,” Peter Brandt adds: “By tapping into facilities that are already stationed on different continents, we don’t need to transport huge trucks around the globe. Instead we can ‘travel lite’, frequently only needing to transport an engineer, which minimizes travel costs and keeps our carbon footprint to a healthy low. It also means that we can keep our rates very competitive, too.”

Red TX’s RED 2 unit will make its Remote Recording Network debut in June at the Tuckerville Festival in Enschede, The Netherlands. From there it has a busy summer ahead, working at live events and festivals in various countries.

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About Red TX:
Red TX provides a comprehensive concert recording and broadcast service to the music and television industries. The company has state-of-the-art mobile recording facilities and can handle projects of any size or complexity. As well as recording audio for broadcast, the company also records live music events for subsequent release on CD or DVD www.remoterecording.net
www.red-tx.com

About Remote Recording Network:
Remote Recording Network is a new initiative that brings together the market-leading live recording companies Peter Brandt Remote Recording and Eurosound GmbH. Years of experience, knowledge and network are now combined to supply an unrivaled, world-class, world-wide recording service.
www.remoterecording.net
For more information, please contact Tony Andrews – tony@awandrews.com

WorxAudio Technologies Joins the PreSonus Family

 Baton Rouge, Louisiana, June 2014… PreSonus is pleased to announce the acquisition of loudspeaker manufacturer WorxAudio Technologies, Inc., of Greensboro, North Carolina, founded in 1979 by CEO and Director of Engineering Hugh Sarvis.

WorxAudio designs and manufactures a broad range of line array, point-source, sub-bass, stage monitor, and related loudspeaker systems and accessories. WorxAudio has established itself as a leading provider of loudspeaker systems in the mid to large church market, professional touring, and corporate AV channels.

With this acquisition, WorxAudio will significantly augment core elements of PreSonus’ professional loudspeaker development efforts, especially drivers, system and mechanical design, system tuning, and rigging system design. In addition, WorxAudio’s knowledge of the commercial sound and portable/touring markets will help PreSonus develop the infrastructure required to support the specific requirements of those customers. With PreSonus’s technical, software, distribution, and financial resources and WorxAudio’s technical, domain, and production expertise, the resulting collaboration—led by Hugh Sarvis—creates a very formidable competitor in the live-sound loudspeaker market.

“This is a logical move for us,” observes PreSonus CEO Jim Mack. “Our StudioLive™ AI series loudspeakers are great for small to medium-sized venues, but the advanced DSP platform utilized in the AI speaker line, including the optional Dante networking capability, is extremely valuable for systems designed for much larger venues and environments. The acquisition of WorxAudio significantly extends our product line to provide advanced networked loudspeaker systems to a much larger audience. Further, this acquisition brings us extremely valuable engineering system design expertise and technology, as well as loudspeaker manufacturing expertise.”

WorxAudio has gained considerable notoriety by placing near the top in several loudspeaker array shootouts, and they were the first company to implement AFMG’s advanced FIRMaker technology.

Says AFMG’s Managing Director Stefan Feistel, “WorxAudio is a premium example of a long-lasting, very positive business relationship for AFMG. WorxAudio is the first FIRmaker licensee to actually deliver two very impressive installs employing this revolutionary technology. Congratulations!”

One of the fastest growing companies in the pro audio industry, PreSonus has a well-established worldwide sales channel and, in recent years, has significantly expanded its operations, marketing and branding, testing facilities, and technical/customer support. The combined companies are expected to develop a broad range of loudspeakers for studio and stage, from low-cost, high-value products for musicians to advanced systems for mid-sized rental touring companies and systems integrators.

“Like WorxAudio, PreSonus is engineering-driven,” comments Sarvis. “We’re excited about combining our engineering know-how with PreSonus’ networking, software, and signal-processing technology to develop groundbreaking and highly competitive new professional audio products.”

For more information about WorxAudio Technologies, visit www.worxaudio.com. For more about PreSonus, visit www.presonus.com.

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About PreSonus Audio Electronics, Inc. – Founded in 1995, PreSonus Audio Electronics, Inc., is a leading designer and manufacturer of audio-recording and live-sound software, hardware, and related accessories. PreSonus’s software, microphone preamps, signal processors, digital audio interfaces, digital mixers, control surfaces, loudspeakers, and other products are used worldwide for recording, sound reinforcement, broadcast, sound design, and Internet audio.

Christie Signs Azione Unlimited as New Partner

Christie®, the global leader in world-class projection displays and visualization solutions for the cinema, medical, and commercial AV markets, has signed an agreement with the Azione Unlimited educational/buying group to bring Christie solutions to all of Azione’s integration partners.

With a wealth of experience, innovation and expertise in display solutions from Christie, and the knowledge pool and synergy Azione Unlimited provides, the agreement offers the ideal partnership of Christie and 92 integrators across America, each of which is uniquely qualified to successfully market Christie’s display and projection solutions. Azione Unlimited and its integrators will have access to the 4K DCI-compliant Christie Solaria Series, the popular Christie D4K2560, Christie D4K3560, Christie HD10K-M 3-chip DLP® projectors, as well as Christie LCD video walls, Christie® MicroTiles®, and more.

Christie HD10K-M Projector among solutions available to Azione

“It is my pleasure to announce this agreement between Christie and Azione Unlimited,” says Tony Barton, senior director of sales, USA, Christie. “This partnership brings together two organizations with core high end technological capabilities to address the experiential expectations and requirements of the most discerning customers in the USA. Azione Unlimited is renowned for its strength in the industry and this partnership offers strong support for Christie as we grow our business.”

“These are the most exciting product lines that Azione Unlimited has ever introduced,” noted Richard Glikes, Founder and President of Azione Unlimited. “The reputation of Christie for high performance and unparalleled service dovetail perfectly with the caliber of dealers and ultimately the clientele we cater to. We value performance above all else, and the Christie partnership elevates Azione and our dealers. We are proud to have been chosen to be partners on this endeavor.”

3TS Capital Partners Invests 7.2 million US$ into Visual Unity

Leading OTT platform and multiscreen solution provider, Visual Unity announces an investment of 7.2 million US$ (5.2 million Euros) by 3TS Capital Partners, the growth capital technology fund. This investment will strengthen Visual Unity’s delivery of end-to-end OTT solutions on a global scale.

The investment of 3TS, into Visual Unity is from their Cisco, EBRD, EIF and OTP backed growth capital fund, which focuses on investments in fast growing technology companies primarily in Central and Eastern Europe (CEE). Visual Unity will use the investment to support the growth of an international customer base for vuMedia™, its flagship OTT platform. vuMedia™ enables content owners and distributors to monetize their video assets over the Internet.

The company’s goal is to be the leading provider of OTT and multiscreen solutions. This investment will hasten leading-edge development of vuMedia™, Visual Unity’s world-class digital content delivery and smooth-multiscreen-user-experience product. 3TS is initially acquiring a minority stake in Visual Unity and commits to supporting the company at both a strategic and operational level.

Tomas Petru, Visual Unity’s Founder and CEO, says: “This is an exciting time for Visual Unity, with 3TS taking a key role in the future success of our company. Our robust, end-to-end product is already used by our customers worldwide. We support close to 10.000 different screens and devices in conjunction with every conceivable monetization method. 3TS’ diligent examination of, and investment into our product portfolio not only attests to its innovation, but will be instrumental in fueling our sales, marketing and development expansion.”

“Our strategic investment into Visual Unity will enable a strong focus in product development, while reaching previously untapped markets around the world,” commented Daniel Lynch, Managing Partner of 3TS Capital. “We look forward to establishing Visual Unity as a global leader in OTT and multiscreen products and services.”

“This investment from 3TS is coming at an ideal juncture for Visual Unity, in helping us realize our global expansion ambitions in response to overwhelming customer demand,” comments Tony Hasek, Chief Commercial Officer at Visual Unity. “This investment will provide the resources needed to service key markets around the world, and capitalize on the amazing growth opportunity in OTT and video streaming services.”

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About Visual Unity
Visual Unity is a Multiscreen Solution Provider, bridging the gap between linear broadcast, IT and IPTV to help clients reach and engage audiences on any screen. Since 1991, the team has been designing and delivering turnkey broadcast and complex multiscreen solutions worldwide – from HD outside Broadcast (OB) vehicles and major playout facilities to live internet streaming and Video on Demand services. Visual Unity’s award-winning vuMedia™ platform helps broadcasters and content owners control how their brand and assets are managed and monetized in the multiscreen environment. vuMedia™ is a highly scalable and a modular architecture, delivering a cutting-edge live viewing experience on the web or any mobile or connected device – all of which can be deployed into existing workflows and business processes.
Visual Unity is based in Los Angeles, Munich, Prague, Moscow, Istanbul, Dubai, Hong Kong. For further information, please visit www.visualunity.com, info@visualunity.com
About 3TS Capital Partners
3TS Capital Partners (www.3tscapital.com) is one of the leading private equity and venture capital firms in Central and Eastern Europe operating through offices in Budapest, Bucharest, Istanbul, Prague, Vienna and Warsaw. 3TS targets investments in growth sectors including Technology & Internet (Software, Hardware, Mobile, Ecommerce, Social, etc.), Media & Communications and Technology-Enabled Services. Investors in the current and earlier 3TS funds totaling over € 300 million include Cisco, EIF, EBRD, OTP, Sitra, 3i and KfW among others.
3TS Capital Partners, 3TS and the 3TS logo are registered trademarks or trademarks of 3TS Capital Partners Ltd. and/or its affiliates. For more Information Please contact Anikó Horváth ahorvath@3tscapital.com, tel. +43-699-10313369 or Managing Partner Daniel Lynch dlynch@3tscapital, tel. +420 225 990 856.

SurgeX® International Merges with ESP/SurgeX

Brand principals retained as consultants and form Outerlimits Technologies

BLUE BELL, Pennsylvania — SurgeX® International, the industry leading manufacturer of AC power distribution and protection products for the global marketplace, announces that it has merged its global interests with SurgeX North America, owned and operated by Electronic Systems Protection, Inc. (ESP) of Knightdale, NC.

With all of SurgeX International’s intellectual property effectively now transferred over to ESP/SurgeX, the brand’s founders — Senior Principal Michael McCook, Director of Engineering Andy Benton, and Operations manager Kevin Bromberger — are carrying on in a consulting capacity with the North American company.

The recent merger frees up McCook, Benton and Bromberger to focus on their latest endeavor, Outerlimits Technologies, LLC, a new company dedicated to continued invention, manufacturing and marketing consulting. “When we established SurgeX through New Frontier Electronics 20 years ago, we were confident that it would eventually be recognized as the AC power conditioning field’s leading technology,” says McCook. “As Andy, Kevin and I now turn our attention to creating innovative solutions for a variety of industries, we’ve seen SurgeX International seamlessly transition into ESP/SurgeX and know that the brand is well positioned for continued success both here and abroad.”

SurgeX North America President Shannon Townley adds, “We are excited to extend our partnership globally and look forward building on the success of SurgeX International. This is an exciting time for SurgeX.”

For more information, please visit www.surgex.com.

About SurgeX International
SurgeX International, based in Blue Bell, Pennsylvania, USA, has been providing patented AC power protection and distribution products to the professional IT/AV, industrial, education, government and military markets for two decades. Prior to the merger, the SurgeX International brand was owned and operated as a division of New Frontier Electronics, Inc.

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ESP/SurgeX Continues to Grow by Acquiring SurgeX International

Knightdale, NC – April 18, 2014 – ESP/SurgeX, the leader in energy intelligence and power protection, announces the acquisition of SurgeX International, which had been operating as its own entity since Electronic Systems Protection, Inc acquired SurgeX North America in 2008. The move unifies all SurgeX operations under a single management team located in Knightdale, NC, that will allow the company to streamline international expansion and better serve their customers.

Global demand for smart energy and power management products is growing and the acquisition allows SurgeX to better serve the needs of an electricity-dependent world. The company is uniquely suited to handle the demand of established and developing markets based on its existing operational capabilities and extensive product offerings. Uniting worldwide operations and management of SurgeX assets in the Knightdale, NC headquarters will increase product development and result in more consistent service for customers, distributors and dealers.

“We are living in an increasingly developed and powered world. Reliance on IT infrastructure and other electrical systems is higher than ever so safeguards are needed against the various anomalies that can affect equipment and systems,” said Stephen F. Galloway, CEO and president ESP/SurgeX. “We have existing residential and commercial product lines, development capabilities, and manufacturing capacity to serve the evolving needs of our growing international market. Furthermore, the move will increase sales opportunities for our U.S.-based dealers, consultants and design integrators who handle installations all over the world.”

SurgeX’s diverse product portfolio includes solutions for audio video, IT infrastructure, digital signage, integrated systems and more. SurgeX provides professional-grade power protection and intelligence solutions for rack systems, branch circuits, and standalone equipment for mission critical electronics.

For more information, please visit www.surgex.com.

 

ABOUT ESP/SurgeX

ESP/SurgeX is the leader in energy intelligence and power protection products.  Our comprehensive product portfolio features surge elimination and multi-stage protection, offering a complete line of AC power solutions for surge protection, power conditioning and control of sensitive electrical and electronic equipment. Backed with over 37 patents/patents pending, we specialize in developing premium solutions that never degrade. Superior to conventional single stage MOV circuitry found in traditional power protection products, ESP/SurgeX products are engineered to safeguard against power anomalies that can “confuse” the circuitry in digital equipment and can cause both degradation and equipment downtime. From our multi-stage protection to our surge elimination technology, there is no other company in the market that provides a comparable “best-in-class” portfolio.

 

ESP/SurgeX is owned and operated by Electronic Systems Protection, Inc. Our products are manufactured in Knightdale, North Carolina. Visit http://www.surgex.com or http://www.espei.com  for further company and product information.

Vitec Videocom Announces Intention to Acquire Autocue


(Bury St Edmunds, UK) – As part of an ongoing strategic program to deliver improved service, support and experience to its customers worldwide, along with innovative products, Vitec Videocom, a division of the Vitec Group plc, has reached a conditional agreement to acquire Autocue.

Autocue, established in 1955 and a provider of a broad range of teleprompting hardware and software products, will complement Vitec Videocom’s portfolio of products for the broadcast, pro-videography, corporate and public sectors. The acquisition will help to ensure that customers receive a broader range of technologies and solutions that address the entire spectrum of requirements for studio and outside broadcast applications in terms of size and functionality.

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About Vitec Videocom
Vitec Videocom brings together some of the most respected, most innovative and most sought-after brands in the industry: Anton/Bauer, Autoscript, Camera Corps, Litepanels, OConnor, Petrol Bags, Sachtler, Vinten and Vinten Radamec. It acts as an endorsing brand for these market-leading broadcast, film and pro video products, encouraging multi-brand system sales and simplifying the way that customers worldwide do business.

Vitec Videocom is an operating division within the Vitec Group, an international business serving customers in the broadcast, photographic and military aerospace and government markets. Vitec is based on strong, well known, premium brands on which its customers rely on worldwide.

Vitec Videocom boosts Camera Corps offering with innovative speciality cameras

Bury St Edmunds, UKVitec Videocom, a division of The Vitec Group plc, expands its Camera Corps business with the incorporation of assets from SIS Live Special Cameras (formerly BBC Special Cameras). The offering will bring customers a range of specialist cameras that take the viewer straight into the heart of the action – from live sporting and high profile events, through to Royal occasions and Red Arrow aerial displays.

SIS Live Special Cameras’ formidable inventory and specially designed gear are the perfect additions to Vitec Videocom’s global services, expanding its worldwide presence, and trading will take place under the Camera Corps brand. The move will also complement Vitec Videocom’s other services groups – The Camera Store in the UK, and Bexel in the USA – reinforcing the delivery of the world’s most aspirational broadcast capture requirements.

“There is great synergy with Camera Corps, who most recently supplied its cameras to the Winter Games. This is a fantastic opportunity to deliver innovative and unique solutions to our customers that give audiences views they’ve never seen, or even dreamt of, before,” says Matt Danilowicz, Vitec Videocom CEO. “We can now capture amazing images anywhere – from the mast of a yacht, to the underside of a bobsled, to the stump of a cricket match.”

Well known within the Special Cameras portfolio are the Stump Cam used on cricket pitches all over the world, and on-board cameras in high profile events such as the America’s Cup yachting and Isle of Mann TT racing. Also in the portfolio are the Plunge Cam, which adds a new dimension to diving as it follows high board divers into the pool and underwater, and the Halibut Underwater HD tracking camera.

The assets include the exclusive camera mounting systems used for state events inside listed buildings, such as St Paul’s Cathedral, Westminster Abbey, Kings College London, and St George’s Chapel, Windsor Castle.

“We are pleased to welcome key staff from SIS Live Special Cameras into The Camera Corps family, including Special Projects Manager Paul McNeil and Commercial Bid Manager Barry Parker who will join the UK Camera Corps team in Byfleet.

“Benefits will be enjoyed all round. Our existing customers will have an exciting new range to choose from. SIS Live customers will experience the same excellent service and support, while being assured that the portfolio will grow and prosper within Camera Corps,” Matt concludes.

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Notes to Editors:

About Vitec Videocom

Vitec Videocom brings together some of the most respected, most innovative and most sought-after brands in the industry: Anton/Bauer, Autoscript, Camera Corps, Litepanels, OConnor, Petrol Bags, Sachtler, Vinten and Vinten Radamec. It acts as an endorsing brand for these market-leading broadcast, film and pro video products, encouraging multi-brand system sales and simplifying the way that customers worldwide do business.

Vitec Videocom is an operating division within the Vitec Group, an international business serving customers in the broadcast, photographic and military aerospace and government markets. Vitec is based on strong, well known, premium brands on which its customers rely on worldwide.

Vitec Videocom – advancing the quality and science of media production.

For more information:

PR Contact:
Leila Hrycyszyn
Whiteoaks
+44(0)1252 727313
leilah@whiteoaks.co.uk

Vitec Videocom Contact:
Ruth Paskins Gordon
Vitec Videocom
+44 (0)1284 776771
Ruth.PaskinsGordon@VitecGroup.com

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