Published on April 10th, 2017 | by The GC Team0
Acoustic Energy returns to UK ownership
Acoustic Energy’s management team has launched a successful bid to buy the company from its Malaysian parent Formosa Prosonic Group, returning the business to UK ownership 30 years to the month of its formation in 1987.
The company will continue to operate and manufacture from its Cotswolds headquarters with dedicated manufacturing partners overseas producing its range of loudspeakers.
A large portfolio of new products is ready for rollout this year.
Senior Management, internal contacts and sales teams remain unchanged and all existing international distribution agreements will also remain in place. AE said this enables the business and its trading partners around the globe to continue to build on the brand’s recent success.
“Becoming an independently owned British loudspeaker company once again is a very exciting development in AE’s history,” commented AE Director Mat Spandl.
“This year our new active version of the legendary AE1 became an overnight sell-out success following the launch at the recent Bristol Show. The new AE1 is an integral part of an ambitious roadmap for 2017 including more new products rolling into production right now.
“With the UK economy remaining strong and exchange rates bolstering our international sales, the timing is perfect to capitalise on the renewed growth in the global audio industry and achieve further success for AE over the next 30 years.”
Formosa Prosonic (FP) Group has owned and acted as the major OEM partner to AE for the past 22 years.