- Music equipment company Focusrite said it had acquired professional studio monitor loudspeakers distributor Pro Audio for €18.0m (£16.2m).

Pro Audio comprises Berlin-based Adam Audio and its overseas subsidiaries, which in 2018 generated revenue of €12.9m, adjusted Ebitda of €1.7m and pre-tax profit of €1.0m.

'The board expects the acquisition to be earnings-enhancing in the first full year of consolidation,' Focusrite said.

At 2:22pm: [LON:TUNE] Focusrite Plc share price was +5p at 526p

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