February 11, 2020 |
Home / Posts tagged acquisitionResideo 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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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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. […]
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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 […]
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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, […]
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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 […]
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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 […]
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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 […]
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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 & […]
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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 […]
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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 […]
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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 […]
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Today, Bose announced the acquisition of ZiipRoom, a developer of productivity and connectivity software for meeting rooms, conferences and devices. ZiipRoom will integrate into Bose Professional, the dedicated group within the company that focuses on the needs of professional audio designers, consultants and system integrators. The announcement was made by Akira Mochimaru, general manager for […]
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Biamp, a supplier of professional audio and video solutions based in Beaverton, Ore., today announced the acquisition of Cambridge Sound Management (CSM) from Gladstone Investment Corp. Headquartered in Waltham, Massachusetts, CSM is a leader in the fast-growing sound masking market. CSM provides direct and in-plenum sound masking solutions and is a frequently installed sound masking […]
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2018 has been an interesting and eventful year in the AV and collaboration industries. We’ve seen a number of mergers and acquisitions, rebranding of products, new players big and small entering the market and an avalanche of new products. So what does 2019 have in store for us? I don’t have a crystal ball, but […]
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The Riverside Company has signed a definitive agreement to sell DPA Microphones (DPA) to RCF Group (RCF). During Riverside’s investment, DPA’s sales and EBITDA nearly doubled while its product portfolio and distribution network grew significantly, according to DPA. “Together with the DPA team, we were able to achieve all of our goals for this investment,” […]
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SnapAV acquired Volutone this week. Volutone adds seven branch locations — six in California and one in Las Vegas (and also serving Hawaii). SnapAV entered the home-tech marketplace 12-years ago counting on an eCommerce platform to be the differentiator. It worked. SnapAV started out selling cables, connectors, furniture and video projection screens but eventually started […]
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STRATACACHE has announced the acquisition of Sys-Teams, a UK-based integration company. With this acquisition, led by STRATACACHE Capital Managing Partner Dirk Huelsermann, STRATACACHE is positioning itself as a global solution and service delivery company, adding the 35-person Sys-Team team of technicians, engineers and installers to the current 750 employees STRATACACHE already has. Sys-Teams has focused […]
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