Focal-Naim
Focal-Naim

New Investor

Change of ownership at Focal-Naim

The French speaker specialist Focal and the British streaming pioneer Naim, who merged to form the "Vervent Audio Group" in 2014, are facing a change of majority ownership.

So far, the financial investor "Naxicap Partners" has been the main shareholder of the Vervent Group. Now another financial investor, Alpha Private Equity, is to acquire the majority stake. The step will be taken in close cooperation with Vervent's management. This would "accelerate the development of growth potential in both the local and global markets," according to a press release. This will be further supported by "Focal Powered By Naim Concept Stores", three of which were opened in Seoul, Lyon and Scottsdale (USA) in 2019. With 430 employees, the Group is expected to generate annual sales of EUR 110 million in 2019. The company is investing more than 8% of this amount in research and development. To date, the new majority shareholder has not held any stakes in relevant companies, but holds a very mixed portfolio of European companies. The takeover is to be completed before the end of the year "in close consultation with employee representatives and the responsible antitrust authorities".

Back

Latest News

The new IsoAcoustics app

IsoAcoustics Launches own App

The accessory manufacturer IsoAcoustics is now offering their own… Read more

Merason DAC 1 MK II frontal view

Merason DAC 1 now Available as MK II Version

The Swiss manufacturer Merason presents the completely overhauled… Read more

MoFi SourcePoint 10

SourcePoint 10: First Speakers from MoFi

With the two-way standmount speaker "SourcePoint 10" – developed… Read more

Enjoy The Music.com Happy Hour at the Florida International Audio Expo

Enjoy the Music.com sponsors Happy Hour at Florida Audio Expo 2023

The fourth edition of the Florida International Audio Expo will… Read more

Denon DCD-1700NE

Denon with new CD/SACD Player "DCD-1700NE"

With the DCD-1700NE, Denon expands its portfolio of high-quality… Read more

Piega Ace with Airplay

Piega Ace ready for Apple AirPlay 2

As Piega promised, its Ace all-in-one wireless system is getting… Read more


Top-Articles from the archive

STEREO Magazine Newsletter

Subscribe to our newsletter and don't miss a new issue anymore!

Register now