Giva Audiovisual Technologies BV has agreed an investment package with prominent Belgian investor, LRM, to catalyse the continued expansion of the APEX pro AV brand.
The injection of additional capital will allow Giva Audiovisual Technologies to scale up manufacturing operations to meet demand for APEX’s award-winning CloudPower installation amplifiers.
“This new backing from LRM is an important part of our ambitious growth strategy,” comments APEX managing director, Paul Van Hees. “CloudPower has been a tremendous success for us and this investment helps us to keep up with the order book without compromising our agility and commitment to outstanding quality and support. In parallel, we are actively strengthening our distribution networks to increase access to the range and to pave the way for the product innovations coming through the R&D pipeline.”
LRM is an investment company that develops and stimulates economic growth in the Limburg region of Belgium, where APEX and Giva Audiovisual Technologies are based.