Supplier of broadcast and AV cables and infrastructure products, Argosy, has completed a management buyout from its previous parent company. It is now under the direct control of the existing directors, Chris Smeeton and Josh Simons.
Commenting on the initiative, Chris Smeeton said: “We are delighted to be able to do this. We have long had the ambition to take the reins of the business. This gives us the commercial agility to respond dynamically to the market. Argosy will continue to grow, providing the very best in technology and services across all areas of the broadcast market while pushing further into the AV industry.”
Elaborating on the advantages, Co-owner and Technical Director, Josh Simons said: “Pushing into new markets and new technologies is a critical part of our growth plan for the future. Now we control our own investment plans, we can quickly respond to the market and offer cutting edge technologies as well as new ways of doing business.”
The MBO was completed on 26 July 2018. The newly managed Argosy will be demonstrating at IBC 2018 at the RAI Amsterdam, between 14 – 18 September on stand 10.C51.