2008-04-28

Lawo acquires majority shareholding in INNOVASON

French digital mixing console manufacturer INNOVASON, and German pro audio company Lawo, today announced that Lawo has acquired a majority shareholding in INNOVASON. Lawo is an internationally renowned provider of high-end digital mixing consoles and routing systems to the broadcast industry. The move officially terminates the receivership period for Innovason and provides a strong partner for future development.

According to INNOVASON sales and marketing director, Xavier Pion, the arrangement is a perfect fit for both companies. “It’s no secret that we had been looking for a development partner for some time. We explored a number of possibilities, but none seemed to be quite the match we were looking for until Philipp Lawo expressed an interest,” stated Pion. “As a leading manufacturer of high-end digital broadcast consoles, Lawo’s expertise in the digital domain is beyond question. We have similar areas of competence geared to the live market. I believe that the opportunities created by the synergies of such complementary technologies in two quite different markets will be significant for both parties. I am delighted to have concluded the agreement and look forward to a rich partnership.”

Lawo CEO, Philipp Lawo, is in full agreement. “Our investment in INNOVASON adds a new dimension to our activities at Lawo. The opportunity to create new synergies will be to the benefit of both companies. INNOVASON is a strong brand in the live sound market, and we are looking forward to taking it to the next level.”

The picture shows, from left to right, Xavier Pion (INNOVASON), Gérard Malvot (INNOVASON), and Philipp Lawo (Lawo)

For more information please visit www.innovason.com 

About INNOVASON
INNOVASON is based at Plougoumelen in Brittany, France. INNOVASON sold the first digital audio snakes and was the first to produce all-digital, premium live mixing consoles. Active in live sound since 1993, the company has gained a worldwide reputation for its rugged, digital mixing console technology for live applications. INNOVASON is committed to maintaining the highest audio standards through technical excellence while producing cost-effective equipment that meets its customers’ business needs.