Audemat secures extra investment

FRANCE: Audemat has confirmed two major new investment deals, writes David Davies. CDC Enterprises and IRDI/ICSO join existing investors GALIA Gestion and INNOVACOM, who have been involved with the French professional broadcast equipment manufacturer since 2006. The expanded investment pool will further enable the company to pursue its long-term growth objectives and ongoing R&D work.
Author:
Publish date:

FRANCE: Audemat has confirmed two major new investment deals, writes David Davies. CDC Enterprises and IRDI/ICSO join existing investors GALIA Gestion and INNOVACOM, who have been involved with the French professional broadcast equipment manufacturer since 2006. The expanded investment pool will further enable the company to pursue its long-term growth objectives and ongoing R&D work.

A subsidiary of the Caisse des D_p_ts, CDC Enterprises is said to specialise in the development of small and medium-sized companies working in technologies and industries that "create growth and employment". IRDI is a leading French regional capital investment firm, while ICSO is one of its subsidiaries, specialising in the development of capital-risk activities.

Having increased sales by 300% over three fiscal years to arrive at a consolidated total sales figure of $23.4m (Euro 15.3m) at the end of 2007, Audemat looks to be an ever-stronger force in broadcasting technology. This impression was reinforced recently by the high-profile acquisitions of both Nortek and Ecreso - significant developments that prompted a name change from Audemat-Aztec to the rather more concise Audemat.

"For 2008, we expect a consolidation of our business activities," Audemat CEO Bruno Rost (pictured) tells PSN-e. "After more than 50% growth in 2007, we expect approximately 20% this year. We are also expanding out international positioning. [Having] sold in 70 countries in 2007, we are targeting recurrent sales in 2008. For example, we decided to open a permanent representation office in China in January."

Noting that "innovation is still our primary company value", Rost reveals that forthcoming product developments will include an extension of Audemat's ecologically-friendly lines, including the 'All in one radio' range.

Web
» www.audemat.com
» www.cdcentreprises.fr
» www.icso.fr

Related

Breathe post grows Stronger with new equipment investment

UK: Breathe Post Production - the combined operation formed by the post facilities of Air Studios and Strongroom - has made a substantial investment in new equipment to enhance its HD video and surround sound capabilities. An Avid Symphony Nitris HD on-line suite, Avid Media Composer off-line suites, a Final Cut Pro HD on-line room and a Midas Venice 160 console are among the results of a _350,000 outlay, writes David Davies.

SADiE enters administration, but future of DN9696 secure

EXCLUSIVE: Studio Audio & Video Limited (SAVL), the digital audio pioneer founded in Cambridgeshire in 1991 and home of the SADiE digital audio workstation, was appointed into administration on 15th February. Cambridgshire-based accountancy firm Ensors has dispatched partner Steven Law and manager Rachael Davison to try to seek a rescue of the business, writes Phil Ward.

INYTIUM secures Adamson distribution role

BENELUX: The company is now serving as exclusive distributor for Adamson Pro Audio in Belgium and Luxembourg, reports Hilbren Buys/PSN-e. Formerly known as Blue Square Sales and Distribution, INYTIUM is based in Belgium and has hitherto specialised in the distribution of theatre technologies. The company was spun off from the ASP Blue Squares Group in 2008.

QSC secures new CobraNet licensing agreement

US: QSC Audio Products has confirmed an extension to its licensing agreement with Cirrus Logic that will allow the power amplifier and loudspeaker manufacturer to commence production of units that employ CobraNet's gigabit Ethernet-based CobraNet technology.

German public broadcaster invests in SADiE, HHB equipment

GERMANY: ZDF has purchased seven SADiE PCM-H8 studio workstations and an HHB UDP-89 Professional Universal DVD/CD player, writes David Davies. The SADiE units have been acquired for ZDF's in-house trailer production department in Mainz and replace existing PCM8 systems.

£5m funding secured for major new technical training centre

UK: The new building in Thurrock, SE England, will provide live music production and technical theatre training, writes David Davies. The announcement that the National Skills Academy (NSA) for Creative & Cultural Skills-aligned complex (artist's projection pictured) had secured _5m of funding was made by Rt Hon John Denham MP, who is Labour MP for Southampton Itchen and Secretary of State for Communities and Local Government.