Focusrite, the global music and audio products company supplying hardware and software used by professional and amateur musicians, completed the acquisition of Martin Audio, the designer and manufacturer of high-performance loudspeaker systems for the touring and installation markets, for £39m. "The acquisition of Martin Audio is a clear demonstration of our strategic aim to expand into complementary new markets. Martin Audio is an established brand with solid financials that can instantly add value to the enlarged Group. Just as importantly, the business is culturally aligned with our existing operations. They will have an important role to play as we continue to focus on our goal of enriching lives through music, by removing barriers to creativity; from that first spark of musical inspiration, to delivering an emotionally charged performance on stage. The Martin Audio team share our hunger to innovate and our passion as music and sound enthusiasts. Their close geographical proximity to Focusrite will help significantly in the development of future cross selling and marketing strategies," Tim Carroll, Focusrite Chief Executive Officer.