New German investment company CWM acquired all of the assets of loudspeaker manufacturer ADAM Professional Audio (known as ADAM Audio) last Friday, 11 December, and aims to bring production back up to speed and invest in new products.
ADAM Audio filed for bankruptcy in mid-November to seek a restructured solution following a shortfall in capital after taking on “too many projects and products”.
CWM is a Munich-based holding company formed by financial entrepreneurs including (managing directors) Sebastian Canzler and Ferdinand von Wrede. Canzler says: "ADAM Audio is known worldwide in the pro-audio industry for its superb speakers. Due to the high precision and quality of the products as well as the large technical expertise of its employees, the company has become very quickly a leading supplier of professional audio monitors. All of this provides a very good basis for further growth, which we strive for together with the existing team."
Sven Schmöle, managing director of ADAM Audio since February 2011, says: "With CWM we have a partner on our side that supports our passion for innovation and helps us realise our full potential. Our task now is to resume production as soon as possible in order to supply our customers with products again."
Head of marketing André Zeugner notes: "We are all totally busy to ramp up production again. Production and shipping of F-, AX- and SX-Series will start at the beginning of next year, [in] January and February." He says that all outstanding orders will be fulfilled.
ADAM Audio was established in Berlin, Germany in 1999. Co-founder and head of R&D Klaus Heinz has now left the company.
ADAM Audio’s portfolio offers professional studio monitors, a multimedia loudspeaker line, home theatre andinstallation speakers, and high-end ‘Tensor’ speakers for home listening. The company operates sales offices in the USA, Great Britain and China. Products of ADAM Audio are distributed on a worldwide scale within a network of distributors and dealers in more than 75 countries.