Now Hills Acquires Audio Products Group
Hills has acquired the Audio Products Group (APG), a long-established and successful Australian and New Zealand value added supplier of professional audio products. It’s the latest in a string of acquisitions from Australia’s most dynamic building technology supplier.
APG was established in 1996 by industry leader Ken Dwyer. The combined Hills and APG businesses will position Hills as the leading player in the supply of specialised audio products in Australia and New Zealand, according to the company.
Hills’ COO Brad Newton said the APG acquisition was consistent with Hills’ revenue growth strategy of bolt-on acquisitions that can be integrated into the Group’s core business and realise synergies.
“APG will certainly assist in accelerating our ability to continue to build a market-leading position in the specialised audio markets in Australia and New Zealand,” Newton said. “It is widely respected as a market leader and trusted supplier with long-standing and exclusive supplier relations that are reflected in sustained revenue and earnings.”
Meanwhile, APG’s MD Ken Dwyer said he was delighted to join the Hills team at an exciting time in its evolution into Australia’s leading trusted supplier of integrated solutions.
Key products within the APG stable include Aiphone, which is the leading commercial and residential intercom brand. Other highly-recognised brands such as Tannoy (speakers), Lab.gruppen (amplifiers), Biamp and TOA are also strong APG performers.
The latest expansion of Hills’ New Zealand presence via the APG acquisition follows the Group’s recent broadening of its core electronic security operations with its NZ-based business, Hills Electronic Security, acquiring Auckland-based Intek Security Group.