New York (May 23, 2012)—Martin Audio’s parent company, Loud Technologies, is going forward with plans to find private equity backing to support the UK-based loudspeaker manufacturer.
Lincoln International has been appointed to conduct a strategic review of Martin Audio. According to the manufacturer, in the wake of introducing its MLA system two years ago, sales have grown more than 40 percent in the past 12 months, driven by growing demand for its products in new markets, particularly in the Asia Pacific region. As a result, reportedly more than 90 percent of its sales are exported to China, North America, Europe and the Middle East.
Since the 2010 introduction, MLA loudspeaker systems have been used at events such as Glastonbury Abbey with Kathryn Jenkins, HMV Hammersmith Apollo with Chris Rea, Royal Albert Hall and The Tokyo Dome