Powersoft Acquires K-Array and Signals Transition to Solution Provider

Powersoft, the Italian company that heads the Powersoft Group operating worldwide, announced the signing of a binding investment agreement to acquire 51% of the share capital of K-array from shareholder H.P. Sound Equipment. Powersoft says that the acquisition of K-Array expands and strengthens its position as a professional audio solutions provider, allowing the group to transition from a product focus into becoming a solution provider in existing and new markets.
 

K-Array is an Italian company that designs and manufactures original and sometimes innovative audio systems for a wide range of installed audio applications, that in recent years also evolved to a complete range of lighting and commercial control solutions. Powersoft says that this acquisition values the strong focus on innovation, proprietary technologies, and the enhancement of Made in Italy concepts that complement its own market position. The scope of the transaction also includes 50% of the share capital of K-Array USA, active in the distribution of K-Array products in the United States.

The price for the acquisition of the K-array 51% stake was established as 50 million Euros. K-array’s share capital was 100% owned by HP Sound, in turn owned by K-array’s founders and management, specifically with 53.7% by Gioia S.r.l. and 28.3% by Massimo Ferrati. The acquisition agreement also 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 closing of the transaction is, to date, expected by March 2025.

“We are excited to announce this acquisition, a significant strategic step for our company and the professional audio market. This transaction arises from a successful partnership between two companies that have been collaborating for many years now, with a strong territorial proximity and sharing a creative and innovative spirit, both convinced of the potential to create important 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. 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. We can’t wait to start working with K-array to set new and even higher standards of excellence,” says Luca Lastrucci, CEO of Powersoft.

 

“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. 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. In addition to growth in numbers, the goal is to strengthen a solid and cohesive foundation capable of tackling future challenges with greater 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. We have been collaborating with Powersoft since the beginning, and beyond being neighbors and sharing an identity deeply rooted locally yet globally oriented, we are united by 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 to the growth that, in recent years, has been in double digits, bringing us immense satisfaction. We are confident that this partnership will allow us to achieve incredible results in synergy. We are excited and eager to unleash our full creativity and potential,” adds Alessandro Tatini, Chairman and CEO of K-array. 

From Products to Solutions

K-array, founded in 2005 and headquartered in Scarperia e San Piero (Florence), and currently with over 100 highly qualified employees, operates primarily through 3 brands targeting different market segments: K-array, the company’s main brand focused on audio professionals, K-Gear, dedicated to traditional and more affordable audio solutions, and K-Scape, specializing in high-quality audio and lighting systems that combine sound and lighting with sophisticated design.

K-array offers a comprehensive portfolio of innovative, ultra-compact, high-performance audio and speaker systems for small, medium, and large applications. Specifically, it manufactures and installs integrated solutions that include acoustic speakers, amplifiers, lighting, and accessory products such as microphones and earphones.

 

The K-array acquisition is described as “fully aligned with Powersoft Group’s strategic development plan, which aims to strengthen its presence in the pro-Audio sector through both organic growth and acquisitions, as outlined since the IPO.”

“It also represents the logical development of a long-established “supplier-customer” partnership between two companies that share common values: technological innovation, excellence, creativity, design, customer focus, and product quality. The goal is to leverage their complementary strengths, boosting competitiveness and fostering growth, while preserving their distinct identities and operational autonomy within a shared growth plan. Currently, Powersoft is set to continue its mission as a global technology provider, while K-array will maintain its unique positioning in the high-end audio speaker industry.”

The acquisition is also identified as part of Powersoft’s growth strategy to transform the Group from a Product Company to a Solution Provider, with a primary focus on the transportation and automotive sectors. In this regard, Powersoft signed a technology partnership with Ferrari S.p.A., signaling its entry into the automotive industry.

By combining its know-how in amplification systems, signal processing, and transducers with K-array’s expertise in loudspeaker engineering and design, Powersoft says that it will be able to accelerate its expansion in these markets and strengthen its position by “offering innovative, efficient, and uniquely designed audio systems. These systems will meet the growing demands for quality, reliability, and space optimization required by the automotive industry and modern transportation systems.” 

This transaction creates a leading group in the professional audio industry on an international scale, leveraging a wide range of products, technological expertise, and the innovative approach of two highly complementary companies. The combination of the two companies is expected to create revenue synergies through enhanced product diversification, expanded target markets, and greater geographical reach. Additionally, the collaboration between the R&D teams of both companies will accelerate the development of next-generation audio systems, in line with the latest market trends, especially for new transducer applications, the joint-announcement states.

www.k-array.com

www.powersoft.com