Merger creates Finland’s largest AV company18 June 2014
Two Finnish entertainment technoloogy suppliers are merging to form the country’s “largest AV company” in terms of net sales, it is claimed.
Audico Systems Oy and Starlike Oy will retain their names under the umbrella of Audico Holding Oy. Starlike owner, Juki Orpana, and managing director, Mika Pynnönen, will both remain with the company, the latter becoming deputy managing director in the new set-up. Other staff will transfer to the service of the new company as existing employees.
Audico specialises in sound systems and turnkey AV system deliveries for schools, shopping centres, cruise ships, and more, as well as in the manufacture and import of equipment. The company was founded in 1988 and has a reported turnover of 10 million euros. It employs 35 people in Turku and Helsinki.
Starlike is a provider of sound and lighting systems for theatres, concert halls and other performance venuews. Founded in 1986, it represents more than 50 brands (including Sennheiser, Renkus-Heinz, Genelec, ARX and Altair) and claims net sales of around 5 million euros, employing 15.
“Our product ranges complement one another brilliantly,” says managing director, Harri Leiva. “The merger will bring a great deal of expertise under one roof, and together we will be able to offer customers even more comprehensive service.”
The companies say the deal better prepares their business for the ongoing migration of the AV sector into the realm of IT where “deeper knowledge is required in addition to traditional competence”.
“The company formed… will have strong expertise and experience in delivering demanding AV and event technology web solutions,” says Mika Pynnönen.
“The broader our expertise, the better we will cope with future changes,” he stresses.
The last large-scale company consolidation in the Nordic region occurred in April 2012, when rental equipment and event organiser Eastavab Group Oy (operating in Norway and Finland) agreed to merge with Swedish United Audio Starlight AB (‘Starlight’) to create a Nordic ‘super production group’.