The deal allows AVPro to expand in the expanding the residential, commercial distributed audio, and media room industry market segments.
Through the deal, AVPro Global will assume ownership of the AudioControl Home business. AAMP will retain its AudioControl Vehicle Technology business with no change to its operations.
Jegg Murray, AVPro’s CEO and founder, said: “The acquisition of the AudioControl Home business unit, as an award-winning company with a 45-year history of designing and building superb audio equipment, complements our existing AVPro Edge, Murideo, and Bullet Train high-performance brand positions in both the residential and commercial audio/video distribution spaces, and provides AVPro with an additional growth platform while diversifying our penetration into distributed audio markets. We believe this transaction will provide truly unique synergies that create value for the customers of both companies and look forward to AudioControl’s best-in-class management team, and skilled and experienced workforce joining the AVPro Global family.”