L-Acoustics audio solutions, headquartered near Paris, France, and HGP, have jointly announced the acquisition of HGP and its sister entity API, who specialise in powder coating.
L-Acoustics has employed over 400 people worldwide and has a robust R&D focus, combined with ongoing efforts to optimise their operations. This led L-Acoustics in its decision to broaden the scope of industrial know-how of precision sheet metal manufacturing, which is used in rigging and internal loudspeaker components.
“This operation represents a new and extremely positive step in augmenting our R&D and production capabilities,” explained Hervé Guillaume, Managing Director of L-Acoustics: “This alliance will allow us to improve our technical skill set and market intelligence regarding precision sheet metal, a vital technology in our professional audio solutions. HGP’s expertise is highly complementary to our own, and enabled us to better comprehend the constraints and specificities of the trade.”
Bertrand Bounoure, President and Commercial Director of HGP said: “This constitutes a natural extension of a decade-long, successful supplier-client relationship between two growing companies with shared interests and objectives. We are delighted to pool our resources and abilities.”
L-Acoustics has previously demonstrated a successful track record in integrating acquisitions of companies who were formerly component suppliers. In 2007, L-Acoustics acquired Simea who specialised in loudspeaker enclosures. Since then in 2016, L-Acoustics acquired CAMCO, a German electronics firm with expertise in amplification and DSP.
Guillaume said: “From the very beginning of L-Acoustics, excellence in products and services, as well as long-term investment in human and technical resources, have been key tenets of our strategy.”