Audio brand Acoustic Energy (AE) has returned to UK ownership following a management buyout that took place 30 years to the month the company was formed, in 1987.
Effective from April 3, the brand is now owned by its UK management team, who launched a successful bid to buy Acoustic Energy from its Malaysian parent company, Formosa Prosonic (FP) Group.
AE will continue to operate and manufacture from its Cotswolds headquarters, together with dedicated manufacturing partners overseas to produce its range of award-winning loudspeakers.
Senior management, internal contacts and sales teams remain unchanged and all existing international distribution agreements will also remain in place.
Said director Mat Spandl: “Becoming an independently-owned British loudspeaker company once again is a very exciting development in AE’s history.
“This year, our new active version of the legendary AE1 (pictured) became an overnight sell-out success, following the launch at the recent Bristol Show.
“The new AE1 is an integral part of an ambitious road map for 2017, including more new products rolling into production right now.
“With the UK economy remaining strong and exchange rates bolstering our international sales, the timing is perfect to capitalise on the renewed growth in the global audio industry and achieve further success for AE over the next 30 years.”
FP has owned and acted as a major OEM partner to AE for the past 22 years.
The move comes with full blessing and ongoing support from FP to ensure a seamless transition of ownership.