Broadcast and AV cables and infrastructure products supplier 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.
“We are delighted to be able to do this,” said Chris Smeeton. “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.”
Originally established as a supplier of cables and connectors, Argosy has grown to become a provider of a broad range of infrastructure products. A good example being the recently signed partnerships with ‘kvm-tec’ and ‘Barnfind’, for the supply of extension and distribution technologies.
“Pushing into new markets and new technologies is a critical part of our growth plan for the future,” added co-owner and technical director, Josh Simons. “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.”
“We will also be improving the way we engage with our overseas partners,” added Smeeton. “We see this as an important part of our strategy going forward, ensuring we can offer a rapid response from our UK facilities.”
Argosy also provides services alongside the distribution of products. These include life-cycle management and termination services for fibre optic assemblies, CAD system design and manufacture of bespoke solutions. This segment is increasingly getting important as the AV market adopts technologies from the world of broadcast, needing them to operate non-stop in a fully automated system.
The MBO was completed on 26 July 2018. The newly managed Argosy will be demonstrating at IBC2018 on stand 10.C51.