Upcoming Acquisitions in the Audio-Visual Sector of 2024

A wild year in the AV/IT realm, huh? It's all about the shake-up, as billions of digital dollars change hands. Players like QSC, Yorktel, CTI, Avocor, AVI Systems, and others are jumping into the action.

Here's a lowdown on some of the year's major acquisitions:

Acuity Brands acquires QSC: In a whopping $1.2 billion deal ($1.1 billion net), Acuity Brands tightens its grip on the industry. Neil Ashe, Acuity's big cheese, sees this as a step forward in the company's pursuit of data interoperability and their mission to make spaces smarter, safer, and sustainably powered[1].
Yorktel goes under One Equity Partners' wing: The details of this private transaction were kept under wraps, but with One Equity Partners' expertise, Yorktel stands to expand its solutions and offerings, enhancing digital workplace experiences for its customers[1].
Avocor finds a new home under AUO: Avocor, renowned for collaboration and communication solutions, becomes part of a $8 billion company. This strategic move integrates AUO Display Plus' expertise in display technology and global resources, paving the way for Avocor to deliver diversified product platforms and comprehensive services to global customers[1].
Korbyt picks up NFS Technology: The addition of NFS' advanced room booking and space management solutions strengthens Korbyt's digital signage and workplace communications software solutions, delivering greater value to its customers worldwide[1].
Williams AV snags TeachLogic: Specializing in sound reinforcement solutions for K-12 classrooms, TeachLogic's products complement Williams AV's assistive communication portfolio, furthering the company's mission to foster connections and create inclusive spaces[1].
Focusrite gets a boost with Innovate Audio acquisition: Innovate Audio's panLab spatial audio software solutions now come under Focusrite's wing, reinforcing their commitment to immersive audio[1].
CTI expands its reach with ASI and Digital Technology Solutions acquisitions: Operating across the U.S., CTI strengthens its position as a leading provider of AV integration and events by acquiring Advanced Systems Integration and Digital Technology Solutions[1].
AVI-SPL and ICAP Global merge: This deal combines two highly reputable companies, creating a global AV, UC&C, workplace management, and experience technology provider[1].
AVI Systems beefs up with Audio Visual Associates: New Jersey-based AVA joins forces with AVI Systems, expanding its presence and enhancing its offering in the Northeast U.S[1].
Visionary acquires Azure Development Solutions: This move increases Visionary's capabilities in IPTV and expands its AV-over-IP sales channels, while additionally establishing a strong European headquarters[1].

In short, 2023's major AV/IT industry acquisitions saw strategic deals like AVI-SPL's acquisition of Adtech Systems and AVPro Global's purchase of RTI, along with others, driving innovation, expanded global reach, and enhanced service platforms in the AV integration space[1][2][3][4][5].

[1] - https://www.scnmag.com/articles/32276-the-year-in-review-23-av-it-acquisitions[2] - https://www.avnetwork.com/av-industry-news/av-integrator-vi-group-acquires-global-audio-visual-technology-provider-i-tech-innovations[3] - https://www.avnetwork.com/av-industry-news/avpro-global-acquires-rti[4] - https://www.avnetwork.com/av-industry-news/avpro-global-expands-atus-acquisition[5] - https://www.avnetwork.com/av-industry-news/digital-technology-solutions-joins-cti-av-integration-events-provider

Despite the shake-up in the AV/IT industry, companies continue to evolve their product lines, as evident in QSC's expansion into digital signage with Acuity Brands' acquisition.
With One Equity Partners' acquisition, Yorktel is poised to introduce new features in digital workplace experiences, particularly in the realm of sports events and family-centered gatherings.
The merger between AVI-SPL and ICAP Global has opened up opportunities for businesses to leverage advanced AV and UC&C solutions during sports events and major company conferences.