Powersoft S.p.A. just announced the signing of a binding investment agreement to acquire from H.P. Sound Equipment S.p.A. 51% of the share capital of K-Array S.r.l. The agreement envisages the mutual granting of call and put options in favor of Powersoft and HP Sound, respectively, on the remaining 49% of K-Array’s share capital. The parties expect the transaction to close by March.
Powersoft and K-Array Express Excitement
“We are excited to announce this acquisition, a significant strategic step for our company and the professional audio market,” Luca Lastrucci, CEO of Powersoft, says. “This transaction arises from a successful partnership between two companies that have been collaborating for many years now.” He cites a strong territorial proximity and a shared creative and innovative spirit. Moreover, Lastrucci says both firms are convinced of the potential to leverage product and technological synergies.
“We plan to enrich our portfolio with cutting-edge products, leveraging the expertise and resources of K-Array to develop new integrated audio solutions for an ever-evolving market,” Lastrucci continues. “The synergy between Powersoft and K-Array is set to generate significant results in technological innovation, allowing us to strengthen our presence in the segments where we already operate, while also expanding into new areas.”
‘This Strategic Step’
“Massimo Ferrati [CEO and co-founder] and I decided on this strategic step to integrate our company into a solid and constantly growing group like Powersoft,” Alessandro Tatini, chairman and CEO of K-Array, adds. “Our intention is to empower our resources — now over 100 and among the most qualified on the market — for a promising future filled with opportunities and success.” Moreover, he says, apart from growth in numbers, the goal is to establish a solid and cohesive foundation capable of tackling future challenges with resilience and determination. “Our team has been integral to our growth journey, and we believe it is our responsibility to provide them with an even more ambitious vision for our project,” Tatini declares.
“We have been collaborating with Powersoft since the beginning,” Tatini acknowledges. “And beyond being neighbors and sharing an identity deeply rooted locally yet globally oriented, we [find unity in] a strong passion for technology and sound. Their innovations have always been an essential part of our work, making it obvious to realize that joining forces could add significant value….”
Strategy for Powersoft and K-Array
The K-Array acquisition transaction fully aligns with Powersoft Group’s strategic development plan. That focuses on strengthening its presence in the pro-audio sector through both organic growth and acquisitions, as outlined since the IPO.
Moreover, the deal represents the logical development of a long-established “supplier-customer” partnership between two companies united by shared commitments: technological innovation, creativity and more. The goal is to leverage complementary strengths, boosting competitiveness and fostering growth, while also preserving their distinct identities and operational autonomy within a shared growth plan. At present, Powersoft continues its mission as a global technology provider, whereas K-Array maintains its positioning in the high-end audio speaker industry.
According to Powersoft, the acquisition is part of its growth strategy to transform the group from a product company to a solution provider. Its primary focus will be on the transportation and automotive sectors. In those segments, the company believes, technological innovation, efficiency and audio system reliability play a key role.
