The DAK Group has announced the sale of Video Corporation of America (“VCA”), located in Somerset, NJ to York Telecom Corporation (“Yorktel”) an Eatontown, NJ-based provider of workplace communication and collaboration solutions. The DAK Group served as the exclusive investment banker to VCA. “VCA’s products, services and talent are a natural fit for Yorktel. We […]
Listen Technologies Corporation has acquired ExXothermic, Inc., a company that makes low-latency Wi-Fi audio technology. ExXothermic has several patents for its Wi-Fi streaming technology and has delivered thousands of Wi-Fi audio channels for use in assistive listening, fitness centers, waiting areas, hospitality and other applications. Listen Technologies and ExXothermic, Inc. have worked together in partnership […]
Chesapeake Systems has acquired StorExcel, a systems integrator serving the Rocky Mountain region and U.S. federal government, effective immediately. The acquisition joins the mutual strengths of the trusted media technology providers, extending their ability to offer turnkey asset management solutions and support. The combination of companies expands Chesapeake System’s services in the media and entertainment […]
Matrix Integration, an IT solutions provider for more businesses and schools in Indiana, Kentucky and beyond, has announced the acquisition of Cornwell Communications, Inc. of Bloomington, Indiana. This will be the fourth location for Matrix Integration, which also has offices in Jasper, Indiana; Fishers, Indiana; and Louisville, Kentucky. Matrix Integration plans to expand the offerings […]
Ross Video has acquired Coiron, the company that developed the suite of applications for use with the XPression family of real-time motion graphics systems. XPression Telestrate, XPression Trackless Studio and XPression Touch Factory have helped customers to create video productions using XPression at both the national and local levels. The trio of applications is used […]
By Paul Konikowski The last week of February 2020 could go down as the worst week in Wall Street history. The U.S. and global markets plummeted as coronavirus fears escalated. Some think it may have had something to do with Bernie Sander’s wins in the early Democratic primaries, and some think it is tied to […]
Resideo Technologies (the $4.8 billion owners of ADI and Honeywell Home) announced Tuesday it has acquired privately-held Herman ProAV, based in Miramar, Florida. Herman ProAV is a distributor of ProAV gear but also offers procurement services and labor resources to AV systems integrators in the commercial AV industry. Herman ProAV serves customers across the United States and will be part […]
Oregon-based Biamp will announce at ISE 2020 here in Amsterdam, that it has purchased Huddle Room Technology (HRT). In case you haven’t heard of HRT, it makes a wireless sharing and collaboration product (think Barco ClickShare) but its version includes wireless USB, as well (think Barco ClickShare Conference). However, the HRT HuddleHub has one wireless sharing […]
In a deal that is incredibly strategic for Midwich, the UK-based company announced this week that it’s purchased ProAV distributor Starin, headquartered in Chesterton, Indiana. Starin had revenue of about $200 million in 2019. Although the official announcement didn’t say how much Midwich paid for Starin, rAVe has learned the deal is worth under $50 million. […]
Focusrite plc., the holding company for Focusrite, ADAM Audio, Novation and the Ampify Music brands, announced the acquisition of Martin Audio Ltd. Thursday. This acquisition follows on the heels of Berlin-based studio loudspeaker manufacturer ADAM Audio, but has been a consideration for Focusrite Founder and Chairman Phil Dudderidge for years, who said: “I have known […]
Anixter International told rAVe Friday that a private investment firm called Clayton, Dubilier & Rice will purchase the company. The Anixter acquisition, valued at $3.8 billion, will turn Anixter back into a private company again. Anixter has been a publicly-traded company since 1967 on the NYSE American Exchange. When Anixter released The Blue Book in […]
QSC announced today that the company acquired Attero Tech, effective September 30, 2019. This combines the portfolio of the Q-SYS audio, video and control ecosystem with Attero Tech’s networked AV endpoints and I/O peripherals. QSC’s development capabilities will grow as Attero Tech’s Fort Wayne-based engineering staff will join the multi-national QSC team. “This acquisition is […]
Listen Technologies Corporation has acquired AudioConexus. AudioConexus helps sightseeing tour operators engage visitors with technology and services that complement Listen Technologies’ portfolio of assistive listening and tour guide products. AudioConexus will transition to Listen Technologies Canada over the next few months. Estimates project the global tours and activities market as a $183 billion industry by 2020. Providing engaging, […]
Extensive mergers and acquisitions (M&A) activity is taking place economy-wide, headlined by deals like the mega-merger of T-Mobile and Sprint. ProAV shares in this evolution. Twenty-seven percent of AV providers reported that the company they currently work for had acquired, merged with or been acquired by another company in the previous five years, according to […]
Tripleplay has been acquired by Uniguest, the parent company of ONELAN. As part of Uniguest, this new division will be a key component of a global organization that enables Tripleplay and ONELAN to leverage the group’s financial and support infrastructure to drive significant global expansion and service plans. The acquisition presents the strategic opportunity for […]
Sonance, a 36-year-old audio company known for its architectural speakers, announced today it has entered into an agreement to acquire James Loudspeaker. James Loudspeaker, a provider of both residential and commercial audio solutions (an marine), was established in 1999 by “a group of dedicated audio engineers, craftsmen and entrepreneurs.” “We could not be more excited […]
Spinitar today announced the merger of Drake Systems Group and Spinitar. DSG’s President David Drake will now serve as the regional vice president of Spinitar’s Healthcare division. Drake Systems Group formed in 2003 and focused on supporting the AV needs of hospitals, universities, medical office buildings, healthcare architects, healthcare contractors and medical device manufacturers. DSG […]
Today, SnapAV and Control4 Corporation announced the successful completion of their merger. Unified into a single organization, Control4 becomes a professional smart home brand in the company portfolio and SnapAV continues to bring technology professionals a trusted, end-to-end partner that invests relentlessly in growing the industry and helping their businesses succeed. “The smart home industry […]
AVI-SPL today announced the acquisition of Digital Video Networks (DVN) in the southwestern United States. A continuation of the company’s strategic growth plan, the merger will further strengthen AVI-SPL’s market leadership with additional talent and resources in a growing region while expanding the company’s leading global support and services delivery capabilities to current and prospective […]
By James Kirby Industry Analyst, Futuresource Consulting Yet further consolidation has hit the professional audio markets, with Biamp’s acquisition of the Community and Apart loudspeaker brands. This follows a consolidation trend which Futuresource has being reporting on for some time, with pro audio moving further away from the independent, family-run industry it once was. This announcement […]
7thSense Design has reached an agreement in principle with Barco regarding the intended sale of the Medialon brand and ShowControl activities. The team behind 7thSense Design has led the acquisition to form a new company, Medialon Ltd., which will acquire the Medialon brand and ShowControl activities from Barco. The new company will join the 7thSense […]
Enghouse Systems Limited announced today it has acquired Vidyo for around $40 million. Vidyo’s annual revenue is approximately $60 million. Headquartered in Hackensack, New Jersey, Vidyo is a provider of video software solutions that support visual communications across diverse end-points, networks of varying bandwidth and geographically dispersed locations. The company’s infrastructure software platform leverages patented […]
DCC Technology (aka: Exertis) announced today the acquisition of COMM-TEC GmbH, one of the biggest pro AV distributors in Europe. Headquartered east of Stuttgart, the company generated over €90 million revenue in its last financial year. It employs over 150 staff across Germany, Switzerland, Austria, Italy and Spain and with sales operations in Eastern Europe. […]
SnapAV and Control4 Corporation today announced that they have entered into a “merger” agreement whereby SnapAV will acquire Control4 in an all-cash transaction for $23.91 per share in cash, representing an aggregate value of approximately $680 million. The Control4 stock last traded $17.12 per share so the shareholders are likely to take this buyout. Although […]
Diversified just announced the acquisition of Rutledge AV. As a top integrator in Australia, Rutledge AV’s client-base will enable Diversified to provide local support to clients and deliver the standards they’re known for in the Americas, EMEA and APAC. Diversified actually was our Readers’ Choice Award Winner for 2018. “I’m very excited for this endeavour, […]
Broadsign announced that it has reached an agreement to acquire Ayuda Media Systems. Both companies are headquartered in Montreal. For out-of-home (OOH) media owners who have an increasingly complex mix of digital and classic inventory/locations, the combination of Broadsign and Ayuda will enable them to streamline business operations across all of their inventory, digital and […]
L-Acoustics announced its intent to take a majority stake in DeltaLive UK (Delta Sound Incorporated (UK) Ltd.), an audiovisual services and rental company. This operation follows the November 2018 acquisition by L-Acoustics Group of HGP, a manufacturer of precision sheet metal, and its sibling entity, API, specialized in powder coating. For the founders of DeltaLive […]
NV5 Global announced today that it has acquired The Sextant Group. The Sextant Group has 11 locations and project offices throughout the US and is well-known for creating integrated technology solutions for a wide range of public and private sector clients. The Sextant Group’s 80 technology professionals have provided expertise on over 2,000 projects in 46 states. The acquisition was an all-cash transaction […]
GN Audio announced a conditional agreement to acquire Altia Systems Inc. (“Altia Systems”). Altia Systems, based in Cupertino, California (USA), is the developer of the Panacast multi-camera array technology. All necessary conditions have now been met and GN Audio has completed the acquisition of Altia Systems. This allows GN Audio to expand into plug & […]
JSAV has completed the acquisition of Buffalo, NY-based BAV. The combination of these two long-standing integrated audio-visual companies enables both to reach further outside their established markets. With a shared commitment to their clients and the highest level of quality reflected in both company’s outstanding customer satisfaction ratings, together JSAV and BAV have a combined […]
Level 3 Audio Visual, LLC, a full-service AV integration and education organization located in Mesa, Arizona announces today the acquisition of Audio Visual Resources, Inc. (AVR) located in Mineola, NY. The acquisition combines one of the nation’s top integration firms with the industry leader in system testing and verification and the only firm ever to […]
Today, GN Audio has signed an agreement to acquire Altia Systems Inc. (“Altia Systems”). Altia Systems, based in Cupertino, California (USA), is the maker of the PanaCast camera systems used in UCC applications. This market is expected to grow significantly from a currently low penetration rate fueled by easy to use (plug and play), integrated […]