Digigram sells remaining shares in Audemat-Aztec

Digigram, specialist in digital audio network solutions, has sold its 40% share in Audemat-Aztec to the remaining shareholders of Audemat-Aztec.
"This move will help us to concentrate on what we do best: providing high quality digital audio solutions for the broadcast and public address markets." said Digigram's Managing Director Philippe Delacroix. "We have many exciting product developments in the pipeline that demand all our attention and energy. Although Audemat-Aztec will continue to develop products using Digigram technology, the commercial and technological overlap with the Audemat-Aztec's product portfolio isn't big enough to justify our continued minority involvement."
Audemat-Aztec was formed Jan. 1, 2003 in a merger between Audemat and Digigram subsidiary Aztec Radiomedia. At the time, Audemat shareholders received 60% of the new company with the remaining 40% held by Digigram.
Digigram will continue to manufacture, support and sell the Hitplayer, a stand-alone appliance for audio IP networks formerly developed by Aztec Radiomedia.
(GB)