Music Tribe turns up the volume with acquisition of microphone marvel
Philippines-based global manufacturing and distribution giant Music Tribe has acquired Hitchin-based Aston Microphones, the UK’s only mainstream mic brand, for an undisclosed sum. KPMG’s East of England team acted in the deal.
Music Tribe has pledged significant investment to continue Aston’s global expansion.
The partnership will see Music Tribes add the mic brand to an already impressive pro audio portfolio while allowing the fast-growing Aston to build more quickly on the momentum its products have already gained.
Music Tribe’s founder and CEO Uli Behringer said: “The addition of Aston Microphones allows Music Tribe to round out our professional install and touring sound offerings alongside Midas, Klark Teknik, Lab Gruppen, Lake, Turbosound, Tannoy and many other leading brands under the Music Tribe umbrella.
“Music Tribe’s Vision is solely based on customer and digital obsession, which means to offer end-to-end customer solutions. Since the acquisition of Midas, Klark Teknik, Lab Gruppen, Lake, Tannoy and Turbosound, we have been continuously pursuing a microphone brand that complements the mixing console, processing, amplification and loudspeaker excellence offered by these historic brands.
“Throughout our search, Aston Microphones has clearly stood out as the ideal match because of their world-class brand, leading innovation and first-class team of people.
“We will invest heavily in positioning Aston Microphones at the very pinnacle of the industry and the Aston team will now equally have full access to Music Tribe’s extensive resources and advanced automated system platforms in such areas as product engineering, manufacturing, supply chain and finance.”
Aston Microphones’ CEO, James Young, added: “Aston Microphones has been a phenomenal success story since our launch only five years ago, with a host of international awards including the coveted NAMM TEC Award for Best Mic 2020.
“In this time we’ve established our brand as a world leader in innovation, bringing high-end and professional products to our family of customers – all at affordable prices.
“The synergy with Music Tribe’s existing brand portfolio is exceptional and the huge resource in R & D, manufacturing and engineering excellence we now have at our disposal will allow us together to set a bar to which other brands can only aspire.”
The Aston team will continue to operate from its Hertfordshire HQ.
Chris Wilson, head of Corporate Finance at KPMG in the East of England said: “Aston Mics is yet another example of the dynamic, innovative businesses in our region which are attracting strategic interest on a global scale.
“Global M & A activity continues apace and it’s great to see businesses continuing to move forward with their growth strategies. We wish Aston Microphones and Music Tribe well on the next exciting phase of growth.”