WEST SUSSEX, UK — Italian manufacturer PROEL spa has announced that it has acquired the assets of Turbosound Ltd in an effort to add depth to PROEL's position in the marketplace, allowing it to benefit from an international company that has specialized in the design and manufacture of sound reinforcement products. The basic structure of the companies will remain unaltered, each continuing to operate independently on a day-to-day basis. By joining the PROEL group, Turbosound is expected to receive additional financial backing, which would enable it to increase its research and development activities, speed up time to market and introduce more new products.
"We see this as a tremendous opportunity," says Turbosound's managing director, Philip Hart. "PROEL is exceptionally well placed in sectors of the market where Turbosound hasn't previously focused, and we can learn from that."
Fabrizio Sorbi, founder of PROEL adds: "Through this acquisition, we will be able to meet all the needs of the sound reinforcement sector as well as our more traditional markets."
For more information, visit www.turbosound.com.
