UK / USA - Loud Technologies, owner of Martin Audio, has announced that it has appointed Lincoln International "to conduct a strategic review of its UK-based division, Martin Audio, with a view to finding private equity backing to support Martin Audio into the next phase of its development plan".
The company says: "In sourcing the right investment partner, and forging a more independent path, it will further assist in the realisation of the growth strategy and objectives of the business."
Following the introduction of its award winning, and ground breaking MLA system in 2010, Martin Audio's sales of professional loudspeaker systems have grown over 40% in the past 12 months, driven by growing demand for its products in new markets - particularly in the Asia Pacific region - despite the current global economic position. Over 90% of Martin Audio's sales are exported to China, North America, Europe and the Middle East.
Martin Audio's MLA loudspeaker systems have already been used at Glastonbury Abbey with Kathryn Jenkins, HMV Hammersmith Apollo with Chris Rea, the Royal Albert Hall and The Tokyo Dome to name but a few.
