Audio console manufacturer Audiotonix Group, which already owns brands including DiGiCo, Calrec and Allen & Heath, has acquired Oxford-based Solid State Logic (SSL), a specialist in both analogue and digital desks.
As part of the deal international artiste Peter Gabriel, formerly majority shareholder with SSL, becomes an investor in Audiotonix. Anthony David will remain MD of SSL.
“The whole group will benefit by having SSL as an integral part of the team,” says Audiotonix CEO James Gordon. “They will help expand our international reach, technology and customer base.”
Gabriel adds, “Each manufacturer has their own particular strengths but there will be a lot of opportunities to spread knowledge and skills to benefit the group as a whole.”
A statement of capital lodged with the UK tax authorities this January puts SSL’s aggregate nominal value at £3.3 million ($4.4m), while Audiotonix declared an operating profit of £18.3m ($24.8m) in 2017. SSL’s counts Depeche Mode and Chance the Rapper among its clients, with Britney Spears and Roger Waters among DiGiCo’s users.