BERLIN, GERMANY—After months of difficulties with capital funding due to taking on too many projects, Berlin-based ADAM Professional Audio announced its acquisition by German entrepreneurs CWM Holding Company in mid-December.
Roger Fortier, president, ADAM Audio USA, told Pro Sound News that the previous administration’s difficulties with capitalization had affected its ability to produce and deliver products to customers on a timely basis. With the new owners, Fortier noted the company would return to catering to its customers. “This allows us to move forward again in the United States and deliver products on a timely basis, which is what our customers expect and demand from us,” Fortier said.
In a statement, CWM Holding Company said it would invest in ADAM Audio in order to bring production back to normal while also investing in new products to help strengthen the company’s competitiveness.
“ADAM Audio is known worldwide in the pro audio industry for its superb speakers,” commented Sebastian Canzler, a representative of CWM. “Due to the high precision and quality of the products, as well as the large technical expertise of its employees, the company has become very quickly a leading supplier of professional audio monitors. All of this provides a very good basis for further growth, which we strive for together with the existing team.”
ADAM Audio was established in Berlin in 1999, with sales offices in the United States, Great Britain and China. Co-founder and head of R&D Klaus Heinz has now left the company.
ADAM Professional Audio