Acoustic Energy is returning to UK ownership, 30 years to the month from its formation in 1987, the company has announced.
With three decades of British audio heritage and a large portfolio of new products ready to roll out this year, AE’s management team has launched a successful bid to buy the company from its Malaysian parent company, Formosa Prosonic Group.
AE will continue to operate and manufacture from its Cotswolds HQ, together with dedicated manufacturing partners overseas to produce AE’s range of loudspeakers, the company says. Senior management, internal contacts and sales teams remain unchanged and all existing international distribution agreements will also remain in place, enabling AE and its trading partners across the globe to continue to build on the brand’s recent success.
Director Mat Spandl comments: “Becoming an independently owned British loudspeaker company once again is a very exciting development in AE’s history.
“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 major OEM partner to AE for the past 22 years. The move comes with full blessing and ongoing support from FP to ensure a seamless transition of ownership, AE adds. The business of Acoustic Energy Limited will be registered under Acoustic Energy Loudspeakers Limited, effective from April 3 2017.
