Martin Pro Forms Strategic Alliance with Beacon

Following negotiations with the founding owners of Swedish gobo manufacturer Beacon, Martin has purchased 25% of the share capital of the company with an option to purchase an additional 15%. Martin’s capital investment in the company is intended to ensure Beacon’s aggressive growth strategy, while guaranteeing future influence on the company’s development. Beacon will continue to operate as a fully independent company. Its three owners will continue to head the company while Martin makes its influence felt through the Board of Directors.

Following Martin’s introduction of the MAC 2000, Beacon became Martin’s most important gobo supplier. The company employs some 20 people and expects a turnover of app. SEK 25 million for the financial period covering September 2001 to August 2002.

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