d&b ACQUIRED BY INVESTMENT COMPANY ARDIAN
Respected live sound systems manufacturer d&b audiotechnik has been acquired by the independent private investment company Ardian. Ardian has assets of $55 billion managed or advised in Europe, North America and Asia. The purchase was made from Odewald & Compagnie and COBEPA, which acquired d&b in 2011, and under which d&b’s sales more than doubled.
The existing management team led by CEO Amnon Harman, MarksurohMD, Technlogy and Operations), Frank Bothe (Director, R&D), Kay Lange (Director, Finance), Hans-Peter Nüdling (Director, Sales & Services) and Sabina Berloffa (Director, Marketing) will also take a stake in the company.
d&b audiotechnik currently employs around 350 staff and operates in more than 70 countries. The company’s sales for the 2015 financial year was $94 million. Harman, d&b CEO, stated the company would be looking to further develop its presence in the Asia-Pacific, South American and North American markets, and aimed to expand the business with permanently installed systems and further audio sound development.
Fabian Wagener, Director at Ardian: “Over the past three decades, d&b has become a premium brand in the professional audio technology sector and has shown outstanding organic growth. We are convinced of the company’s innovative strength, its results-oriented management team, its dedicated employees and the resulting growth perspectives. Together with management, we will refine the existing product portfolio and provide important impulses for the further international growth of the company.”