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L-Acoustics Acquires HGP

L-Acoustics, a manufacturer of professional audio solutions, and HGP, a French-based manufacturer of precision sheet metal, jointly announced the acquisition of HGP and its sister entity API, specialized in powder coating, by L-Acoustics.

L-Acoustics presently employs over 400 people worldwide and has generated an increase in revenue at a compound annual growth rate exceeding 15 percent since the company was founded in 1984. HGP currently employs close to 50 people.

“This operation represents a new and extremely positive step in augmenting our R&D and production capabilities,” Hervé Guillaume, Managing Director of L-Acoustics, explained. “This alliance will allow us to improve our technical skill set and market intelligence regarding precision sheet metal, a vital technology in our professional audio solutions. HGP’s expertise and savoir-faire are highly complementary to our own, enabling us to better comprehend the constraints and specificities of the trade at every stage, from conception to production.”

For Bertrand Bounoure, President and Commercial Director of HGP, “This constitutes a natural extension of a decade-long, successful supplier-client relationship between two growing companies with shared interests and objectives. We are delighted to pool our resources and abilities.”

L-Acoustics has previously acquired companies that were formerly component suppliers. In 2007, L-Acoustics acquired Simea in eastern France, a carpentry and cabinetry manufacturer specialized in loudspeaker enclosures. More recently, in 2016, L-Acoustics acquired CAMCO, a German electronics firm with expertise in amplification and DSP.

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