At the close of last year, TC Group, the Danish parent company of TC Electronic, TCWorks and TC-Helicon, tabled a proposal to the shareholders of TGI plc to purchase their holdings in the company. That offer has now been formally accepted by the shareholders.

"I am very happy that the offer has been accepted," says Anders Fauerskov, CEO at TC Group. "The timing is perfect for a co-operation in technology like this, as the market of today clearly shows a need for an innovative fusion of technologies. Within the new TC Group, we now have the acoustics knowledge, driver technology, digital signal processing know-how, and amplification and power supply skills to make a major impact in the future market for integrated solutions."

TGI plc is a holding-company which covers four companies in the speaker market - Tannoy, Martin Audio, Lab Gruppen and GLL.

TC Group represents three brands within the audio processing industry: TC Electronic, manufacturer of a wide range of multi award-winning digital processors, TC-Helicon, producing digital vocal processors, and TC Works developing top-end award-winning software solutions. The Group is also responsible for the worldwide marketing and distribution of Dynaudio Acoustics high-end and ultra high-end monitor solution.

(Ruth Rossington)


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