Breaking: Biamp buys Apart and Community
Biamp Systems has added Apart and Community loudspeaker brands to its portfolio after acquiring Audioprof Group International.
In a press release Rashid Skaf, Biamp president, CEO, and co-chairman, said: "I am tremendously excited to complete this transaction. Building a comprehensive lineup of speakers has been a priority as we move to position Biamp as a full line provider of professional audiovisual solutions.
“Acquiring Apart Audio and Community Loudspeakers was our preferred route to accomplishing this goal quickly with incredibly strong and respected brands. The many products added to our portfolio give us powerful positions in several key growth markets for Biamp. With this move, Biamp has clearly established itself as a leader in the pro AV market."
Community was founded in 1968 by Bruce Howze and manufactures a range of high-end speakers for demanding indoor and outdoor applications. Apart Audio focuses on small and mid-size venues with a range of audio products.
Biamp had been hinting at growth by acquisition since it was bought by Highlander Partners and Skaf took over at the end of 2017. Almost exactly a year later it acquired Cambridge Sound Management.
In the press release, Highlander's Ben Slater, co-chairman of Biamp, said: "When we acquired Biamp in November 2017, we set out on an ambitious path. Using Biamp as a cornerstone, we aspired to become a complete-solution, global leader in the AV space.
“Along with organic expansion, which has been significant under Rashid's leadership, we are targeting strategic acquisitions to help us achieve this goal. With its complementary suite of respected products and a strong international presence, Audioprof fits perfectly into this strategy. In adding both Community and Apart, Biamp takes a significant step towards a full AV offering to end users across venues and geographies. We proudly welcome the entire Audioprof team into the Biamp family."