Chessington, UK (December 20, 2017)—Audiotonix, which designs and manufactures mixing consoles and ancillary products under the DiGiCo, Calrec and Allen & Heath brands, has acquired Solid State Logic, less than one year after French investor Astorg injected approximately $254 million into the group.
“We are growing the Audiotonix Group with professional audio brands that have exceptional technology, committed people and a real passion for what they do,” comments James Gordon, CEO of Audiotonix. “With their incredible history and reputation, their enthusiasm and loyal customer base, SSL is ideally placed to be the next partner in the group. The whole group will benefit by having SSL as an integral part of the team going forward. Having their help to further expand our international reach, technology and customer base will be a lot of fun.”
The late Colin Sanders CBE founded SSL in 1969, initially to produce switching systems for pipe organs, before building a series of mixing consoles for his own Acorn Studios. It’s no exaggeration to say—as the company’s website states—that the SL 4000 E Series, released in 1979, transformed the music recording industry. In April 2013, at Prolight + Sound, SSL announced the Live console, its first-ever desk for the sound reinforcement industry.
SSL has undergone several changes of ownership over the decades. UEI plc, a technology group, acquired SSL in 1988, and was in turn acquired by Carlton Television a year later. SSL changed hands again in 1999 when it was sold to 3i in an institutional buyout. In June 2005, musician and technologist, Peter Gabriel, and broadcast industry entrepreneur, David Engelke, acquired the company’s assets in a joint venture.
“My relationship with SSL began as a user, a customer and then as part owner,” says Gabriel. “SSL has always made wonderful innovative equipment that encourages creativity and I got involved because I never wanted to imagine a world without SSL. It is obvious with this sale that there are many in this growing Audiotonix group that are as nuts about new tech and good audio as we are. Each manufacturer has their own particular markets, strengths and idiosyncrasies but through collaboration, there will be a lot of opportunities to spread knowledge and skills to benefit the group as a whole.”
Gabriel, the majority SSL shareholder, has invested in Audiotonix as part of the transaction: “I am also excited by what could be created by all these new potential synergies so I have chosen to use a chunk of the sale money to invest in this newly expanded version of Audiotonix. I wish Audiotonix and all who now sail in her, every success.”
Antony David, MD of Solid State Logic, adds, “I am very proud of the achievements our team have made to date with the expansion of SSL. To reach our full potential we need the support and resources of a larger group to help us achieve our aspirations. In Audiotonix we have found a partner that is as fiercely obsessed about audio, products and customer service as we are. Audiotonix’s success in investing in and nurturing similar audio focused businesses was crucial to us. Once we got talking, we quickly discovered that this was something we both wanted to happen.”
Audiotonix - audiotonix.com
Solid State Logic - www.solidstatelogic.com