Riedel in double acquisition
Riedel is bolstering its R&D capabilities for IP and standards such as AES67 as well extending its reach in the MI industry with the acquisition of two Swiss companies: Archwave and Cymatic Audio.
Archwave is an audio-networking and streaming specialist and will allow Riedel to set up an R&D hub in Zurich and increase its global engineering team to more than 100 engineers.
Thomas Riedel, founder and CEO of Riedel Communications, said: “At Riedel, IP standards are vital not only for our intercom portfolio but also for all of the other Riedel product lines.
"By collaborating with Archwave, we are taking another important step towards providing complete networking solutions that allow broadcasters to work the way they want to work. With our new engineering team in Switzerland, we now have all the tools we need to create the plug-and-play workflows that our clients need for their transition to IP.”
Riedel will also acquire Cymatic Audio, an audio specialist within the music industry.
Arie van den Broek, CEO of Archwave Technologies, added: “It is not often that such a strong and obviously strategic fit presents itself, but that is what I found with Riedel. Riedel’s strength, operational excellence, and commitment to open technology were the factors that drove the development of this new relationship. We also appreciate that the deal offers new channels to markets within the existing Riedel organisation. The team and I are extremely happy and excited to move forward as part of the Riedel family.”
Archwave and Cymatic Audio will remain an autonomous unit within Riedel, while Riedel will adopt Archwave technology solutions for its own product portfolio.