Monitor acquires Roksan in stereo equipment tie-up
High-end stereo equipment manufacturer Roksan Audio has been acquired by leading speaker specialist Monitor Audio in a deal advised by BCMS.
Founded in 1985, London-based Roksan is renowned among music aficionados for producing prestige turntables, CD players and amplifiers, with product ranges including Kandy, Caspian and Oxygene.
Essex-headquartered Monitor Audio – which sells into 100 countries worldwide – has built a market leading position in hi-fi and home cinema speakers, along with streaming products.
Monitor Audio Managing Director Andrew Flatt said: “Monitor and Roksan are both UK companies committed to superior audio performance and premium quality. We believe we could triple Roksan’s sales pretty quickly, so we’re excited about the possibilities this acquisition offers.”
Roksan Audio Managing Director Tufan Hashemi added: “We have been striving to develop a range of speakers for a while, and Monitor has been keen to launch a range of turntables and amplifiers, so the combination of two great niche brands will serve both companies well.”
The acquisition includes all employees, brand ownership and equipment, along with manufacturing facilities in northwest London. Terms and the value of the acquisition have not been disclosed.
BCMS acted as lead financial advisor to Roksan, and Deal Leader Mark Lucas commented: “Both parties got on well from the outset, which aided us in completing this transaction very quickly. The combination of Roksan and Monitor has created a powerful new force in the UK stereo market, and we wish everyone a successful future.”