logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Vitec Acquires Audix, The Premier Microphone Brand For Studio And Live Performance Audio

Jan 11, 2022•almost 4 years ago

Acquiring Company

Vitec

Acquired Company

Audix

HollywoodArtificial Intelligence

Description

Vitec Imaging Solutions, a Division of The Vitec Group plc (“Vitec”), the international provider of premium branded hardware products and software solutions to the growing content creation market, is pleased to announce that on 10th January 2022 it agreed to acquire Audix and its affiliates, with the deal expected to close shortly. The acquisition continues Vitec’s mission to marry great audio with great video for all types of creators.

Company Information

Company

Vitec

Location

Hollywood, California, United States

About

Anton/Bauer has announced the launch of Salt-E Dog: the future of sustainable mobile power in film & TV production - powered by sodium. An advanced control system for Vinten robotic solutions that introduces AI-driven Presenter Tracking.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed