Toronto, Ontario, Canada – April 28, 2008 … Lawo, recognized globally as a leading manufacturer of digital audio networking and console systems for production, post production, broadcast, and related applications, today announced that it has acquired a majority shareholding in French digital mixing console manufacturer INNOVASON. The move officially terminates the receivership period for INNOVASON and provides a strong partner for future development.
According to INNOVASON sales and marketing director, Xavier Pion, the arrangement is a perfect fit for both companies. “It‘s no secret that we had been looking for a development partner for some time. We explored a number of possibilities, but none seemed to be quite the match we were looking for until Philipp Lawo expressed an interest,” stated Pion. “As a leading manufacturer of high-end digital broadcast consoles, Lawo‘s expertise in the digital domain is beyond question. We have similar areas of competence geared to the live market. I believe that the opportunities created by the synergies of such complementary technologies in two quite different markets will be significant for both parties. I am delighted to have concluded the agreement and look forward to a rich partnership.”
Lawo CEO, Philipp Lawo, is in full agreement. “Our investment in INNOVASON adds a new dimension to our activities at Lawo. The opportunity to create new synergies will be to the benefit of both companies. INNOVASON is a strong brand in the live sound market, and we are looking forward to taking it to the next level.”
Lawo is a manufacturer of digital audio networking systems and consoles for a wide range of applications from small to large scale audio production in television and radio, post production, and live sound. Established in the 1970s, the company‘s manufacturing center is located in the Rhine valley town of Rastatt, Germany. For information on all Lawo products, visit the company online at www.lawo.ca.