L-Acoustics has announced its acquisition of sheet metal company HGP and its sister entity API, specialised in powder coating.
Ongoing efforts to optimise operations has prompted L-Acoustics to broaden its industrial scope to include precision sheet metal manufacturing, which is used in rigging and internal loudspeaker components.
‘This operation represents a new and extremely positive step in augmenting our R&D and production capabilities,’ says L-Acoustics MD, Hervé Guillaume. ‘This alliance will allow us to improve our technical skill set and market intelligence regarding precision sheet metal, a vital technology in our professional audio solutions. HGP’s expertise and savoir-faire are highly complementary to our own, enabling us to better comprehend the constraints and specificities of the trade at every stage, from conception to production.’
For Bertrand Bounoure, President and Commercial Director of HGP, which currently employs close to 50 people: ‘This constitutes a natural extension of a decade-long, successful supplier-client relationship between two growing companies with shared interests and objectives. We are delighted to pool our resources and abilities.’
Jérôme Dolou, Purchasing Director, L-Acoustics, one of the key contacts to regularly interface with HGP, adds, ‘Our interactions with HGP as a key supplier are win-win: quality, dependability, logistical excellence, and above all, a highly nimble approach to rapid prototyping. All this brings serenity and comfort in the planning and production process. We’re thrilled to reinforce this dynamic collaboration.’
L-Acoustics has previously acquired and integrated companies that were formerly component suppliers. In 2007, L-Acoustics acquired Simea in eastern France, a carpentry and cabinetry manufacturer specialised in loudspeaker enclosures. Since that acquisition, Simea’s staff (20 employees in 2007) has quadrupled and their revenue has increased seven-fold. More recently, in 2016, L-Acoustics acquired Camco, a German electronics firm with expertise in amplification and DSP.
‘From the very beginning of L-Acoustics, excellence in products and services, as well as long term investment in human and technical resources, have been key tenets of our strategy,’ Guillaume says. ‘Fiscal 2017 was exceptional with 24 per cent year-over-year revenue growth. Similarly, 2018 is wrapping up in a climate of optimism with remarkable interest and uptake surrounding our latest audio innovation: L-Isa Immersive Hyperreal Sound. World-renowned artists including Ennio Morricone, alt-J, Childish Gambino, Christine and the Queens and other early adopters have already achieved great results, with more to be announced. This clear momentum will allow L-Acoustics to further consolidate our global leadership.’
More: www.l-acoustics.com
