Ardian has agreed the acquisition of Audiotonix, a state-of-the-art provider of professional audio mixing consoles, acquiring shares from Astorg. Management as well as Astorg will re-invest as part of the transaction.
The transaction is expected to close in the first quarter of 2020 and is subject to customary regulatory approvals.
UK-headquartered Audiotonix designs and manufactures audio mixing consoles for live events, music recording and broadcast. Audiotonix equipment has been used on tours for U2, Coldplay and Billie Eilish and on events including international opening ceremonies and major music festivals.
Its brands (Allen & Heath, Calrec, DiGiCo, DiGiGrid, KLANG:technologies and Solid State Logic) support live sound for a variety of formats such as concerts, TV, theatre shows and major international live events. Part of its success has been driven by its development of the most innovative, technologically advanced and highest-quality products on the market.
The Group employs c. 550 people and distributes its products via a global network of over 200 value-add distributors and partners in more than 90 countries.