RCF Group signed a definitive agreement to acquire DPA Microphones A/S from The Riverside Co.
DPA, based in Alleroed, Denmark, provides high-end professional audio microphone market for the live, broadcast, theatre and studio end-user segments.
RCF Group, with headquarters in Italy and branches in the USA and Europe, operates under the companies RCF, AEB Industriale (dB Technologies) and EAW and designs, produces and sells products and solutions for professional audio and installation systems.
“Since my early days I have been fascinated by the world of microphones. Our portfolio already represents excellence in pro audio and we are very proud to add to our roster DPA, a company that also represents excellence in the microphone industry. We can now offer the complete audio chain, from microphones to speakers for the satisfaction of professionals around the world,” said Arturo Vicari, CEO of RCF Group.
Chiomenti provided legal assistance on the transaction for RCF Group, which was also assisted by New Deal Advisors for financial due diligence and by Deloitte for tax and legal due diligence.
Kalle Hvidt Nielsen, CEO of DPA stated: “We have come a long way during the past few years. Share of sales coming from new products is up from less than 5 percent to more than 40 percent, and all major areas in the business have been professionalized and streamlined. Now we look forward to a bright future under new ownership in a group with an uncompromising quality-oriented approach to the Pro Audio business, just like ours,” said Kalle Hvidt Neilsen, CEO of DPA.