Three Firms Form New ProAudio Group

Electra Partners has been in talks with the DiGiCo team 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 team 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 maintain 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 resources 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 resources, passion, and experience. It's an amazing opportunity for us, and just maybe the whole British Pro Audio industry."
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 of this ambitious vision for the future of U.K. 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."

www.calrec.com

(CD/MH)