“It is no secret that we had been looking for a development partner for some time. We explored a number of possibilities but none seemed to be quite the match we were looking for until Philipp Lawo expressed an interest,” said Innovason Sales and Marketing Director Xavier Pion.
According to Lawo Chief Executive Philipp Lawo, the investment in Innovason adds a “new dimension” to Lawo’s activities. “The opportunity to create new synergies will be to the benefit of both companies. Innovason is a strong brand in the live sound market, and we are looking forward to taking it to the next level,” he said.
The acquisition by Lawo officially terminated the period of receivership for Innovason.