The Directors of Martin Audio and TC Group have confirmed that the management team of Martin Audio has succeeded in purchasing the company from the TC Group. The announcement was made on August 13, and the management buyout was supported by ISIS Equity Partners plc and The Royal Bank of Scotland.

David Bissett-Powell, MD of Martin Audio, stated: “The management of Martin Audio have long aspired to independence and are pleased that under the TC Group we have had the opportunity to attain this goal. Having established strong links within the Group we will continue to work closely with Lab Gruppen and other group companies and expect new co-operation with TC Applied Technologies regarding digital power, processing and networking.”

The CEO of TC Group, Anders Fauerskov, says: “Since the acquisition of TGI plc by TC, Martin Audio has been a well-managed and strong performer and we wish the management all the best in the future. We expect the TC Group and Martin Audio to continue working closely together on products and technologies.”

The five Martin Audio directors (left to right): Tony Allen,
Rob Lingfield, David Bissett-Powell, Anthony Taylor and Bill Webb — following the buyout announcement