Riedel acquire Swiss engineering company Archwave
Riedel acquire Swiss engineering company Archwave. This new partnership will create a research and development (R&D) hub in Zurich and increase Riedel’s global engineering team to over 100 engineers while expanding its R&D capabilities for IP and standards such as AES67, which will boost interoperability in the broadcast world. Archwave is an audio-networking and streaming specialist that promotes open standards for the interconnection of audio and video equipment in professional environments.
“At Riedel, IP standards are vital not only for our intercom portfolio but also for all of the other Riedel product lines,” said Thomas Riedel, Founder and CEO of Riedel Communications. “By collaborating with Archwave, we are taking another important step towards providing complete networking solutions that allow broadcasters to work the way they want to work. With our new engineering team in Switzerland, we now have all the tools we need to create the plug-and-play workflows that our clients need for their transition to IP.”
Riedel acquires Cymatic Audio as part of this agreement
As part of this agreement, Riedel will also acquire Cymatic Audio, an audio specialist within the music industry. This move allows Riedel to enter new markets and get closer to musicians.
“It is not often that such a strong and obviously strategic fit presents itself, but that is what I found with Riedel. Riedel’s strength, operational excellence, and commitment to open technology were the factors that drove the development of this new relationship. We also appreciate that the deal offers new channels to markets within the existing Riedel organization. The team and I are extremely happy and excited to move forward as part of the Riedel family,” said Arie van den Broek, CEO of Archwave Technologies B.V.
With this cooperation, Archwave and Cymatic Audio will remain an autonomous unit within Riedel, while Riedel will adopt Archwave technology solutions for its own product portfolio.