DiGiCo, Allen & Heath and Calrec – three of Britain's most prominent console manufacturers – have joined forces to form a pro audio group. Confirmation of the group's formation comes after 18 months of talks with private equity fund management firms Electra Partners and ISIS.
According to the statement released, the companies will still retain 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.
It is thought the combined R&D will open up new possibilities for the three manufacturers with Gordon saying the companies 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."
“We have bold plans for the group but it is imperative that each company maintains its own independence and style,” continued Gordon. “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.”
Glenn Rogers, Managing Director of Allen & Heath, added, “The creation of the group with DiGiCo and their management is an impressive combination. It will certainly add new momentum to what Allen & Heath and Calrec had already planned for the future.”
Henry Goodman, Calrec’s Sales and Marketing Director, commented that “This exciting formation gives Calrec new opportunities for swifter development of a host of ideas we have been wanting to bring to the market. We will have a vast pool of engineers to share new ideas for the industry and target them specifically to each brand’s needs. Customers can expect us to maintain and in some areas improve our very high levels of support and service.”
The complexity of this combination required the effort and support of two of London’s top Private Equity houses. For the first time, Electra Partners and ISIS have pooled resources to support the management with this ambitious vision for the future of UK Pro Audio. Charles Elkington, Investment Partner at Electra Partners, said:
“DiGiCo augments our existing investment in the professional audio sector. We have worked hard over the last 18 months to bring together these three successful businesses. We look forward to working with James Gordon and his team to grow the group, while also preserving the distinctive brand identity and excellent customer relationships of each business.”