StormAudio, the high-end immersive hardware brand owned by Auro Technologies, has been purchased by Immersive Audio Technologies Group.
Yves Trélohan has organised the management buyout with the support of Saffelberg Investments. Yves has served as Auro Technologies’ Home Entertainment and Luxury Audio Product Division (StormAudio) senior vice president since the company first acquired the brand from Digital Media Solutions in 2015, a company he was chief executive officer of at the time.
Yves has been steering the StormAudio product development and global sales for more than five years and orchestrated the acquisition of StormAudio/HELAP along with Brussels-based Saffelberg Investments as partner, via a new dedicated company Immersive Audio Technologies Group, of which he is MD, shareholder and board member.
Immersive Audio Technologies will use its Nantes, France facility as global headquarters for sales, marketing, R&D and manufacturing, along with StormAudio’s existing Novato, California North American sales, marketing and dealer support subsidiary and Hong-Kong sales and service support centre.
“I’m excited about this acquisition for many reasons,” said Yves. “The response from the channel is that we’ve demonstrated technological superiority with the StormAudio product line. This has required both continuous hard work and expenditures on the product development side.
“The strong financial support provided by Saffelberg Investments will hugely benefit our StormAudio brand expansion as we set our sights on taking the brand to the #1 position in the luxury immersive audio hardware category. Whilst we maintain a great relationship with Auro, we are also excited about working more closely on technical and marketing initiatives with Dolby and DTS. For our dealers and distributors, we are committed to full sales, technical, and product development support, including full presence at CES, ISE and CEDIA Expos and many regional tradeshows around the world.”
All existing StormAudio infrastructure, personnel, phone numbers, website, warehousing, remain in place.
“I want to thank Auro Technologies’ top management for all the support they have extended to StormAudio these past three years,” said Yves. “I find Saffelberg to be a perfect new partner for us. Their proven success with similar business profiles, financial backing and long-term vision is a valuable addition to our very solid team. We are very enthusiastic about the future of StormAudio.”
“In 2014 we made history with the Auriga, the first-ever true 3D audio receiver, built for us by StormAudio,” said Auro Technologies chairman of the board Wilfried Van Baelen. “Then in 2015 we acquired the brand and started the Home Entertainment and Luxury Audio Product Division (HELAP).
In a short period of time we succeeded in making the HELAP unit ISO-certified, setting up a high-quality manufacturing process and signing up more than 40 distributors covering 46 main geographical regions around the world. Today, StormAudio has a fresh, innovative line that has been well-accepted in the channel. Its reliability, stability, unique feature sets and performance make it a resounding success.”
Wilfried added, “Concurrently these past several years, Auro Technologies has made great progress developing new Auro-3D licensing clients. During this time the immersive audio hardware category has significantly progressed, and some of our licensees are marketing immersive audio sound processors that could compete with StormAudio, therefore potentially limiting the success of both the Auro and StormAudio brands.”
“Auro Technologies determined the best solution is for the StormAudio HELAP Hardware Division to now stand on its own, granting it the freedom to further capitalise on what it has accomplished. The move frees Auro Technologies to now focus on our long-term vision of becoming a leading powerhouse in innovation and software for connected Immersive and Interactive audio entertainment. We are confident that this mutual decision will be positive for the growth and credibility of both companies,” concluded Wilfried.