Adquisición de Sheriff Technology Limited
For release: 07.00, 19 December 2023
focorite plc
("Focusrite"o "el grupo")
Acquisition of Sheriff Technology Limited - a complementary acquisition within the Audio Reproduction business
Focusrite plc (AIM: TUNE), the global music and audio products group supplying hardware and software used by professional and amateur musicians and the entertainment industry, is pleased to announce the acquisition of Sheriff Technology Limited, trading as OutBoard ("OutBoard").
The initial cash consideration of £ 2.37 millones will be funded from internal cash resources and existing facilities. There will also be an earn-out of up to £1.2 million payable in cash based on financial performance metrics including gross profits over a one-year period to 31st Diciembre 2024.
Founded in 2001 by Robin Whittaker and David Haydon, OutBoard is a UK-based company specialising in innovative entertainment technologies for a global client base. Operating under two sub-brands-TiMax and OutBoard-their products are vital for professionals in the audiovisual industry, particularly in live performances, event management, and the rapidly expanding sector of immersive sound experiences.
TiMax specialises in innovative immersive audio and show control technologies through the Soundhub and Tracker D4 products, catering for a wide range of applications including entertainment, events, branding, themed environments, and exhibition spaces. Their solutions are frequently used for Broadway and West End shows. We anticipate there will be opportunities to work with other Group brands in this space, notably Martin Audio.
Under the OutBoard brand, the business designs, manufactures and sells industry standard rigging control products for live events, together with enterprise-level safety test, preparation and quality management for global rental companies and venues. Their solutions are commonly used across international markets and feature at BST Hyde Park concerts, again alongside Martin Audio.
By extending the Group's activities into new products and markets, which complement its existing Audio Reproduction business, the acquisition is strategically aligned with the Group's previously communicated aims of growing the core customer base, expanding into new markets, and increasing lifetime value for customers.
Por el año terminado el 31st October 2023, OutBoard's unaudited revenue was £1.4 million with an EBITDA of £0.3 million, and gross assets of £0.52 million which includes cash of £0.12 million. The Board expects the acquisition to be earnings enhancing in the current financial year, excluding non-underlying transaction costs and amortisation of acquired intangibles.
Tim Carroll, CEO of Focusrite commented:
"The acquisition of OutBoard represents another strategic expansion within our Audio Reproduction business, enhancing our product range and market reach. OutBoard's innovative products, such as TiMax spatial audio and show control, align perfectly with our mission to deliver exceptional audio experiences within live environments. We are looking forward to integrating OutBoard's technologies and exploring new opportunities in this segment of the rapidly evolving audio industry."
Robin Whittaker and Dave Haydon, Founders and Directors of OutBoard added:
"Joining forces with Focusrite marks an exciting new chapter in OutBoard's story. We are thrilled to see our products reach new markets and benefit from Focusrite's global presence and brand recognition. Our commitment to innovation and quality remains steadfast, and we look forward to contributing to the Group's continued success."
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Consultas:
Focusrite plc: | |
Tim Carroll (director ejecutivo) | +44 1494 462246 |
Sally McKone (directora financiera) | +44 1494 462246 |
Investec Bank plc (Asesor designado y asesor conjunto Broker) | +44 20 7597 5970 |
david flin |
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eduardo caballero |
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Guillermo Brinkley |
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Peel Hunt LLP (Junta Broker) | +44 20 7418 8900 |
Pablo Gillam |
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Michael Burke |
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Adán contando |
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Comunicaciones Belvedere | +44 20 7653 8702 |
John West |
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Llew Angus |
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Notas a los editores
Focusrite plc es un grupo global de productos de audio que desarrolla y comercializa productos de hardware y software patentados. Utilizadas por músicos y profesionales del audio, sus soluciones facilitan la producción de alta calidad de sonido grabado y en vivo. El Grupo Focusrite comercializa bajo trece marcas establecidas: Focusrite, Focusrite Pro, Novation, Ampify, ADAM Audio, Martin Audio, Optimal Audio, Linea Research Sequential, Oberheim, Sonnox, OutBoard y TiMax.
Con una reputación de alta calidad y una rica herencia que abarca décadas, sus marcas son líderes de categoría en las industrias de creación musical y grabación de audio. Focusrite y Focusrite Pro ofrecen interfaces de audio y otros productos para músicos de grabación, productores e instalaciones de audio profesionales. Los productos Novation y Ampify se utilizan en la creación de música electrónica, desde sintetizadores y grooveboxes hasta controladores que dan forma a la industria y aplicaciones inspiradoras para crear música. Los monitores de estudio ADAM Audio se han ganado una reputación mundial basada en la innovación tecnológica en el campo de la tecnología de altavoces de estudio. Martin Audio diseña y fabrica sistemas listos para el rendimiento en todo el espectro de aplicaciones de refuerzo de sonido. Linea diseña, desarrolla, fabrica y vende equipos de audio profesionales innovadores en el mercado mundial. Sequential diseña y fabrica sintetizadores analógicos de alta gama bajo las marcas Sequential y Oberheim. Sonnox es un diseñador líder de complementos de software de procesamiento de audio galardonados, innovadores y de alta calidad para ingenieros de audio profesionales. TiMax se especializa en innovadoras tecnologías de control de espectáculos y audio inmersivo. Fuera de borda fabrica y vende productos de control de montaje estándar de la industria para eventos en vivo, junto con pruebas de seguridad, preparación y gestión de calidad a nivel empresarial para empresas y lugares de alquiler a nivel mundial.
La Compañía tiene oficinas en cuatro continentes y una base de clientes global con una red de distribución que cubre aproximadamente 240 territorios.
Focusrite plc cotiza en el mercado AIM de la Bolsa de Valores de Londres.
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