Freedman Group acquires Lectrosonics and its New Mexico factory

The Freedman Group, a prominent company in the audio industry known for brands like RØDE and Mackie, has recently acquired Lectrosonics, a leader in wireless communication technology for entertainment and broadcast markets. This acquisition includes Lectrosonics' complete intellectual property, factory buildings located in Rio Rancho, New Mexico, and a full inventory of production machinery and equipment. Peter Freedman, the founder of The Freedman Group, expressed enthusiasm about this addition, asserting that it will help elevate the company's offerings in wireless audio technology. Financial terms of the acquisition have not been disclosed but are part of a strategic move to enhance the current portfolio of The Freedman Group, which already includes a range of audio devices and equipment. The current management team of Lectrosonics will remain in place to ensure a smooth transition and maintain the brand’s identity and customer relationships post-acquisition. Wes Herron, President of Lectrosonics, welcomed the integration, stating it marks an exciting new chapter for the company. The partnership is expected to bring about several opportunities for innovation and growth. By leveraging Lectrosonics' reputation and capabilities in audio excellence and in-house manufacturing, the Freedman Group aims to improve product development processes and extend its market reach. Damien Wilson, CEO of The Freedman Group, noted that Lectrosonics' history of innovation resonates with the company's own journey. Their shared values are anticipated to reshape the landscape of wireless audio. This acquisition not only bolsters The Freedman Group’s status as a comprehensive professional audio company but also positions it strategically against various market challenges, including U.S. tariffs affecting imports. The integration of Lectrosonics will enhance the global portfolio, providing new avenues for growth and further diversifying manufacturing operations across their Australian headquarters and U.S. locations.