Rycote Acquisition By Vitec Group PLC
Rycote is delighted to announce today that is has been acquired by The Vitec Group plc (“Vitec”). Based in Stroud, UK, Rycote is a highly respected, market-leading brand, trusted by audio professionals and the leading manufacturer of advanced microphone windshields and suspension systems. Audio capture is an integral element in the creation of high quality videos and Vitec’s existing customers, whether broadcasters, videographers or independent content creators, already buy audio products.
This acquisition will therefore provide Rycote with the platform for continued growth and further advanced product development, as well as providing Vitec with a great opportunity to bring complementary audio products to their customers.
Simon Davies, Rycote Managing Director, will remain with the company post acquisition and Rycote will become part of Vitec’s Creative Solutions Division, led by Nicol Verheem.Simon Davies, Rycote Managing Director commented: “We are thrilled to become part of the Vitec Group and I’m really excited and confident that we can continue to go from strength to strength; designing, manufacturing and selling our fantastic Rycote products.We are looking forward to celebrating 50 years of Rycote next year and, as we enter into this new chapter, we remain committed to serving the needs of our professional audio customers and exploring other markets for our existing and new products. Vitec has an incredible portfolio of premium brands in the fast-moving and growing ‘image capture and content creation’ market, so this move also brings great opportunities for Rycote.
Stephen Bird, Group Chief Executive of Vitec, commented: “I am delighted to welcome the Rycote team to the Group. Vitec operates primarily in the video production market and this acquisition opens up the opportunity for us to enter the growing audio capture market, adding innovative and complementary products for our customers, and creating additional value for our shareholders Rycote has exciting product development plans that will add real value to Vitec and our customers, and we look forward to developing the business.”