d&b Group has announced that it has been acquired by Providence Equity Partners. d&b Group is comprised of audio technology mainstay d&b audiotechnik as well as AVLM solutions division, d&b solutions.
In their announcement, d&b Group revealed that they have received a major investment by Providence, a private equity firm specializing in growth-oriented investments in media, communications, education and technology. With this investment, d&b Group aims to further strengthen its global position in the professional audio market while also further integrating its capabilities in the Audio Visual, Lighting and Media (AVLM) solutions sector.
CEO of d&b Group, Amnon Harman, noted that the acquisition by private equity firm Ardian in 2016 provided a large boost to the company’s global business in sales, and allowed them to successfully navigate the pandemic. Harman says that this latest acquisition by Providence will help continue their upward trajectory.
“The global growth trend for events, concerts and major events has continued unchanged after a forced break due to the COVID-19 pandemic. This is accompanied by the increasing professionalization and digitization of these events and thus an increasing need for professional event technologies,” said Amnon Harman, CEO, d&b Group. “As one of the world’s leading system providers for audio technology and integrated audio, video, light and media solutions (AVLM) with a comprehensive portfolio of hardware and software technologies, we are perfectly positioned to gain further market share. Ardian has proven to be a reliable business partner over the past few years. Thanks to their unwavering support, especially during the pandemic, we have been able to innovate during this period of crisis and to emerge stronger from it. We look forward to continuing our successful journey with Providence and cementing our global position as a leader in professional audio and integrated AVLM solutions.”
“d&b bears the hallmarks of a classic Providence investment – it is a business with innovation at its core, clear market leadership and loyal customers. d&b’s passionate team has advanced and defined industry standards and exceeded client expectations for the last four decades. We believe d&b will continue its growth trajectory by delivering spectacular experiences to audiences across the globe. With our solid track record of investing in live entertainment and technology companies, we are confident Providence is the ideal partner to support d&b and we look forward to working with Amnon and his hugely talented team to execute our shared vision for the business,” said Robert Sudo, Managing Director, Providence.
