WATERLOO, ONTARIO--LOUD Technologies of the USA has entered into an agreement to purchase the entire share capital of Martin Audio Limited of the UK.
David Bissett-Powell, managing director of Martin Audio commented, "We are excited about becoming part of the LOUD Group of Companies. Our worldwide distribution partners have also become a strong part of this team and in order to utilize these talents and benefits to their maximum potential we need to have access to a wider base of technologies and for this reason have been looking at potential partners for some time. Ours is one of the few mature industries that has no dominant player. Even the largest has only a single digit percentage of the business so there is still a lot to play for. It seems apparent, however, that to be a small independent is becoming tougher on the world stage."
Jamie Engen, CEO of LOUD said "We are delighted to have David and his team become part of the LOUD Group. The management at Martin Audio has a proven track record of success in developing premium and innovative products along with an excellent International Distribution network."