Tuesday, 18 July 2000
Swedish manufacturer Lab Gruppen, one of the world's leading developers of DSP and amplification technology, is to join the TGI Group of companies, which includes Tannoy, Martin Audio and Goodmans/GLL. Lab Gruppen has over 20 years of experience in manufacturing and distributing high-quality amplifiers and has been a pioneer of switch-mode power supplies and lightweight amplifiers. It has recently added DSP technology to its design and product base. Over the past few years the company has embarked on a successful expansion programme, and it is to consolidate this growth that Lab Gruppen has sold its interests to TGI plc. TGI plc is involved in the design and manufacture of loudspeakers for many different markets including live touring, commercial and leisure installations, recording studios, consumer hi-fi and the OEM automotive trade (in this last category they supply car manufacturers including BMW/Rover, Ford, Peugeot, Volkswagen and Honda).Martin Audio MD David Bissett-Powell, who will be chairman of Lab Gruppen, said that the acquisition provided a logical fit in the TGI portfolio: "This is an exciting addition to the Group, providing us with a range of development opportunities. "The fit and synergy is seen as being particularly advantageous, and while the TGI companies will continue to trade autonomously Lab Gruppen's R&D capability will enhance the Group's moves into digital electronics, providing us with sophisticated loudspeaker management systems and own-brand amplification," he said.