TC Group, the Danish parent company of TC Electronic, TC Works, and TC-Helicon, has made an offer to the shareholders of TGI plc to purchase their holdings in the company. TGI plc, listed on the London Stock Exchange, is a holding-company comprising four companies representing individual platforms on the pro audio market - loudspeaker manufacturers Tannoy and Martin Audio; Swedish company Lab Gruppen - manufacturer of power supplies and high-end amplifiers, and GLL - a manufacturer of speakers for the in-car market.

"The purpose for wishing to merge with TGI plc is actually quite simple. It is a matter of creating synergy between the TC technology in digital audio processing and TGI's years of experience in developing, producing and marketing speakers. By combining digital technology from TC and the speakers developed and produced within the TGI plc Group, we will be able to develop and market new products, that we believe will have a significant potential in the markets," says TC Group CEO, Anders Fauerskov.

He continued: "In the recent years TC have invested considerably in the development of the digital technology which we are now introducing to the market. In this context it is believed that TGI plc and TC are ideal partners, due to the TGI companies' experience and position on their markets today. With a portfolio of high-end products and reputation for top-end quality, the TGI companies are a perfect match for TC Group, known as one of the leading companies in the digital processing industry."


Latest Issue. . .