Focusrite, the global music and audio products company supplying hardware and software products used by professional and amateur musicians, acquired Pro Audio, a Germany based developer and global distributor of professional studio monitor loudspeakers, for €18m. Tim Carroll, Chief Executive Officer of Focusrite, commented: "This is our first significant acquisition since becoming a publicly listed company and as previously communicated it was important that we identified a business that was a good fit for the Focusrite family of complementary brands. It was also key that the business we acquired was well-run and met our requirements of being profitable and cash generative. ADAM satisfies all these criteria and we believe its world leading product range of high quality studio monitors will sit well with our own suite of products. Like us, they have a focus on product design, innovation and development and I am delighted to welcome all their employees to our Group. Together we can continue to excite and empower our customers with world class tools for audio production and recording."