Active Audio takes majority share in APG
French loudspeaker manufacturers Active Audio and APG have announced the signing of strategic alliance at ProLight + Sound 2016.
Both brands will remain separate companies with separate distribution networks – Active Audio will continue to focus on the public address market while APG will still cater for live events and large venue installations.
As a result, Régis Cazin, steps up as CEO of both Active Audio and APG with immediate effect. Active Audio will now hold 60% of APG shares while APG’s historical shareholders, Jean-Luc Moncel, Philippe Frarier and Grégory Dapsanse, will hold the majority of the remaining shares (bringing the total to 66%).
Discussion began in early November, and no job losses will occur as part of this deal.
Both parties were keen to stress the synergies between the two companies, giving stadiums as one example - Active can supply the column speakers around the inside of the pitch and APG can supply large speakers for pitch-side.