Chessington, UK (February 3, 2017)—French investor Astorg has invested in Audiotonix, the professional audio group encompassing DiGiCo, Calrec and Allen & Heath, to the tune of approximately $254 million (£203M).
In a statement released by Audiotonix, James Gordon, CEO, said that he looks forward to the opportunities this will bring to the group. “We are delighted to partner with Astorg who have demonstrated an impressive understanding of our business and our core strengths. With their support, we aim to capitalize on our manufacturing capabilities, strengthen our worldwide development program and enrich our product portfolio.”
François de Mitry and Stéphane Epin, partners at Astorg, which reportedly has total funds under management of over €4 billion, said, “We are thrilled to invest in Audiotonix and support its fast growth trajectory. 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.”
Electra Partners initially acquired Allen & Heath in 2013, for £42 million, then acquired Calrec in 2014 and merged the companies with DiGiCo to create Audiotonix.