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Digigram Announces Management Changes and Sale of InnovaSon

Digigram Announces Management Changes and Sale of InnovaSon

French supplier Digigram said a holding company created by senior management under Philippe Delacroix has acquired 10% of its shares, and that the company’s co-founders and majority shareholders have retired from operational tasks and sold most of their holdings. Meantime, subsidiary company InnovaSon was sold to its management.
The company said the retirement of the founders “has been planned for years.”
The co-founders are Philippe Girard-Buttoz and Marian Marinescu. The co-founders will maintain minority shares. Girard-Buttoz will retire, Marinescu will remain as president of the supervisory board.
Delacroix had been managing director; he becomes CEO. The holding company was created by Delacroix and three other Digigram executives. They indicated their intentions to continue and expand in the broadcast and public address markets.
Investment company Alto Invest acquired about 20% of the company’s shares through two investment funds but will not play an active role in operations, Digigram said.
The sale of InnovaSon, it said, is part of the new management’s strategy of concentrating on its core businesses.
Digigram is based in France, with sales subsidiaries in Virginia and Singapore.