RCF Group has today acquired DPA Microphones from The Riverside Company, marking another high profile acquisition for the rapidly growing Italian brand.
The deal follows RCF's recent acquisition of US loudspeaker giant EAW, as the company looks to strengthen its position in the market as an all encompassing provider of high end pro audio products and solutions.
Based in Italy and with branches in the US and across Europe, RCF Group is now home to the RCF brand, AEB Industriale (dB Technologies), EAW and now DPA, one of the world's leading microphone manufacturers. The group generates more than 80 per cent of its revenues outside of Italy in 120 countries.
In 2017 two prominent European private equity players, Palladio Holding and Amundi Private Equity Funds, invested in RCF Group with a minority stake in order to support and enhance the group in its ambitious growth plans.
Arturo Vicari, CEO of RCF Group commented: “Since my early days I have been fascinated by the world of microphones. Our portfolio already represents excellence in pro audio and we are very proud to add to our roster DPA – a company that also represents excellence in the microphone industry. We can now offer the complete audio chain, from microphones to speakers for the satisfaction of professionals around the world.
Kalle Hvidt Nielsen, CEO of DPA said: "We have come a long way during the past few years. Share of sales coming from new products is up from less than 5% to more than 40 per cent, and all major areas in the business have been professionalized and streamlined. Now we look forward to a bright future under new ownership in a Group with an uncompromising quality oriented approach to the Pro Audio business – just like ours.”
Earlier this year, PSNEurope spoke to Vicari about the group's EAW acquisition, while EAW president TJ Smith also offered as an exclusive interview into what the acquisition means for the US company's plans to break the European market.
We'll have more on this story as it develops.