Powersoft has signed a binding agreement to acquire 51% of the share capital of K-Array from H.P. Sound.
image L-R: Massimo Ferrati, K-array CEO and co-founder, Claudio Lastrucci, Powersoft R&D director and co-founder, Alessandro Tatini, K-Array - chairman and CEO, Luca Lastrucci, Powersoft CEO and co-founder, Antonio Peruch, Powersoft production engineering director and co-founder
Sitting L-R: Carlo Tatini executive board member and co-founder, Carlo Lastrucci: Powersoft President
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: "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, both convinced of the potential to create important product and technological synergies. We plan to enrich our portfolio with cutting-edge products, leveraging the expertise and resources of K-Array to develop new integrated audio solutions for an ever-evolving market. The synergy between Powersoft and K-Array is set to generate significant results in technological innovation, allowing us to strengthen our presence in the segments where we already operate while also expanding into new areas. We can't wait to start working with K-Array to set new and even higher standards of excellence”.
The K-Array acquisition transaction is aligned with Powersoft Group's strategic development plan, which aims to strengthen its presence in the pro-audio sector through both organic growth and acquisitions, as outlined since the IPO. It also represents the logical development of a long-established "supplier-customer" partnership between two companies that share common values: technological innovation, excellence, creativity, design, customer focus, and product quality.
The acquisition is also part of Powersoft's growth strategy to transform the group from a product company to a solutions provider, with a primary focus on the transportation and automotive sectors, where technological innovation, efficiency, and the reliability of audio systems play a key role.