TC Group Makes Offer to Purchase Shares of TGI PLC
Dec 27, 2001 12:00 PM,
Editors
TC Works, the Danish parent company of TC Electronic, TC Works, and TC-Helicon, made an offer to the shareholders of TGI plc to purchase their holdings in the company. TGI plc is a holding-company made up of four companies representing individual platforms on the speaker market: Tannoy, Martin Audio, Lab Gruppen, and GLL. Anders Fauerskov, TC Group CEO, comments, “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, [which] we believe will have a significant potential in the markets.”
