Italy (December 11, 2018)—In its second major acquisition of 2018, Italy-based RCF Group has entered into an agreement to purchase Denmark's DPA Microphones.
As DPA products are used on every continent and sold worldwide by more than 2,000 dealers, nabbing the microphone company is an interesting move for RCF. As Arturo Vicari, CEO of RCF Group, pointed out, “We can now offer the complete audio chain, from microphones to speakers for the satisfaction of professionals around the world.”
While based in Italy, RCF Group has branches in the USA and Europe, and through its numerous brands, generates more than 80 percent of its revenues outside of Italy, thanks to distribution in 120 countries.
RCF Group’s brands include RCF, AEB Industriale (dB Technologies) and EAW, which it purchased earlier this year. EAW is essentially running independently of the parent company, as its president, TJ Smith, told Pro Sound News earlier this year. Whether DPA will take that route is unknown; likewise, financial details of the transaction were not disclosed at press time.
DPA was sold by private equity firm The Riverside Company, which first purchased the microphone manufacturer in late 2013. Since then, DPA has expanded product offerings like its CORE by DPA technology, while building out its sales, distribution and operations and increasing its management team.
Key to that effort, Riverside brought in CEO Kalle Hvidt Nielsen to lead DPA, who in turn made changes in how the company operated. As he notes now, “Share of sales coming from new products are up from less than 5% to more than 40%, and all major areas in the business have been professionalized and streamlined. Now we look forward to a bright future under new ownership.”
Much as the sale marks RCF’s second acquisition of the year, it also is Riverside’s second pro-audio sale, having sold Blue Microphones to Logitech back in July for roughly $117 million in cash.
RCF Group • www.rcf.it
DPA Microphones • www.dpamicrophones.com
Riverside Company • www.riversidecompany.com