Powersoft acquires majority shareholding in K-array
- Details
Italy - Powersoft has announced the signing of a binding investment agreement to acquire from H.P. Sound Equipment 51% of the share capital of K-array. The agreement also envisages the mutual granting of call and put options in favour of Powersoft and HP Sound, respectively, on the remaining 49% of K-array’s share capital. The closing of the transaction is, to date, expected by March 2025.
Luca Lastrucci, CEO of Powersoft comments: "We are excited to announce this acquisition, a significant strategic step for our company and the professional audio market. This transaction arises from a successful partnership between two companies that have been collaborating for many years now, with a strong territorial proximity and sharing a creative and innovative spirit,