D&M Holdings Acquires Allen & Heath of UK

Apr 3, 2008 2:05 PM

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photo of Allen & Heath's Glenn Rogers

Allen & Heath managing director Glenn Rogers

D&M Holdings Inc. has acquired Allen & Heath Holdings Ltd. of Penryn, Cornwall, England, a leading designer and manufacturer of audio mixing consoles for professional sound engineers, live sound installations and DJs. The acquisition will be accretive to earnings per share in FY2008. Allen & Heath will continue to be led by its managing director, Glenn Rogers (pictured), and its current management team.

D&M Holdings Inc. is a global operating company providing worldwide management and distribution platforms for premium consumer, automotive, commercial, and professional audio and video businesses including Denon Marantz, McIntosh Laboratory, Boston Acoustics, Snell Acoustics, Escient, Denon DJ, Calrec Audio, D&M Professional and D&M Premium Sound Solutions.

“The acquisition of Allen & Heath is a strong complement to our Calrec and D&M Pro brands,” says D&M chairman and Chief Executive Officer Eric C. Evans. “This acquisition broadens our product offerings to our long-standing DJ customer base and expands our business in the professional market into installed live sound.”

Founded in 1969, Allen & Heath supplies digital and analog consoles through a global sales force to a network of distributors in more than 80 countries. The company operates from its Cornwall, England manufacturing facility and has more than 150 employees in R&D, sales, marketing, manufacturing and administrative functions.

Recently, Allen & Heath successfully launched iLive, a digital mixing system that features a flexible architecture with distributed audio and control. The iLive system was developed specifically for live sound. Allen & Heath will continue to expand their digital portfolio to meet the growing demand for digital mixers.

“We’re adding another dimension to our position in the professional audio marketplace with this acquisition,” Evans says. “Allen & Heath is a strong brand in the professional live sound performance market and well-suited to benefit from the D&M business platform. Like our other premium brands, Allen & Heath can continue to focus on innovation while D&M provides expanded global market reach and other support. We also see useful tie-ins with Calrec, our live-to-air broadcast console brand, and Denon DJ.”

The terms of the transaction will not be disclosed.

For more information, visit www.dm-holdings.com and www.allen-heath.com.






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