Italian speaker giant RCF has acquired DPA Microphones from The Riverside Company.
In 2017, two prominent European private equity players, Palladio Holding and Amundi Private Equity Funds, took a minority stake in the group in order to help realise its growth plans.
Arturo Vicari, CEO of RCF, said: ‘Since my early days I have been fascinated by the world of microphones. Our portfolio already represents excellence in pro-audio and we are very proud to add to our roster DPA – a company that also represents excellence in the microphone industry. We can now offer the complete audio chain, from microphones to speakers for the satisfaction of professionals around the world.”
Kalle Hvidt Nielsen, CEO of DPA added: “We have come a long way during the past few years. Share of sales coming from new products is up from less than 5% to more than 40%, and all major areas in the business have been professionalized and streamlined. Now we look forward to a bright future under new ownership in a Group with an uncompromising quality oriented approach to the Pro Audio business – just like ours.”
In Today’s Music Business… Time-Tested Practices Still Serve You Well