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Focusrite PLC - Completion of Acquisition of Martin Audio Ltd

RNS Number : 2797Y
Focusrite PLC
30 December 2019
 

For immediate release

 

Focusrite plc

 

("Focusrite" or "the Group")

 

Completion of Acquisition of Martin Audio Ltd

 

Focusrite plc (AIM: TUNE) announces that, pursuant to its announcement on 19 December 2019 that it had acquired Martin Audio and associated companies, and its announcement that the resolution set out in the Notice of General Meeting circulated to shareholders had been approved at the General Meeting of Focusrite held earlier today, the Group has now drawn down its new loan facilities and completed the acquisition of Martin Audio and associated companies.

 

-ends-

 

Enquiries:

 

Focusrite plc:

+44 1494 836301

Tim Carroll (CEO)


Jeremy Wilson (CFO)




Panmure Gordon

(Nominated Adviser and Broker)

+44 207 886 2500

Freddy Crossley


Erik Anderson




Belvedere Communications

+44 20 3687 2756

John West


Llew Angus


               

Notes to Editors

 

Focusrite plc is a global music and audio products group that develops and markets proprietary hardware and software products. Used by recording professionals and musicians alike, its solutions facilitate the high-quality production of recorded and live sound. The Group trades under six established brands: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio and Martin Audio.

 

With a high-quality reputation and a rich heritage spanning decades, its brands are category leaders in the music-making and audio recording industries. Focusrite and Focusrite Pro offer audio interfaces and other products for recording musicians, producers and professional audio facilities. Novation and Ampify products are used in the creation of electronic music, from synthesisers and grooveboxes to industry-shaping controllers and inspirational music-making apps.  ADAM Audio studio monitors have earned a worldwide reputation based on technological innovation in the field of studio loudspeaker technology.

 

Martin Audio designs and manufactures performance ready systems across the spectrum of sound reinforcement applications, with a highly developed portfolio of products to meet the exacting demands of a host of different markets. Renowned for integrity in design, technical excellence and the longevity of its products, Martin Audio systems are designed with in-built sound qualities artists can rely on to faithfully reproduce their performance to every corner of the auditorium.

 

The Group has a global customer base with a distribution network covering approximately 160 territories. Both Focusrite and Martin Audio Ltd are headquartered in close proximity to each other, in High Wycombe, UK, with marketing offices in Los Angeles and Hong Kong.  ADAM Audio has offices in BerlinNashville and Dongguan. Martin Audio has a US subsidiary, based in Los Angeles. Focusrite plc is traded on the AIM market, London Stock Exchange.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Focusrite plc

Price: 635

Market: AIM
Market Cap: £369.01 m
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