Friday, May 28th, 2010
JPS in merger talks with Johnston Audio
Australasia’s leading touring audio suppliers; Jands Production Services Pty Limited (JPS) and Johnston Audio Services, (JAS) have entered into a Heads of Agreement to merge the two companies. The Heads of Agreement is subject to undertaking of due diligence which is expected to be completed by the end of June.
Both companies have long histories in the touring sound market and over the past four decades have supplied production services to nearly every major tour and music event in Australia and New Zealand.
Eric Robinson, CEO of JPS, commented, “In our discussions it has become clear that we’re both facing the same challenges on large tours and music events. Our clients are looking to us for increased efficiencies and jointly we’ll be able to respond in a way that reduces costs, expands our equipment offerings, and solves logistical problems. Potentially it brings major benefits to promoters and touring artists.”
The companies will continue to operate from their existing premises in Sydney and Melbourne and both expect to benefit by having access to a larger pool of equipment and expertise. The merged group expects to use the synergies of working together to deliver outstanding service for their clients.
Commenting on the move, JAS Managing Director Bruce Johnston stated, “I am excited about the new equipment and services we’ll be able to bring to our customers. The combination of JAS and JPS will create one of the best audio companies in the world, providing real benefits to Australian and international artists.”
The merger of the two companies will increase the level of support and service available to JPS and JAS clients and reinforces the group’s ongoing commitment to meeting the challenges of the modern touring market. Together the companies intend to remain at the forefront of technology, clearly demonstrated by the recent introduction of new speaker systems and significant investment in control and amplification packages.
Jands Production Services was founded in 1970 and operates in the theatre, corporate and touring audio markets.
Johnston Audio Services commenced operations in 1985 and provides audio for tours, festivals and fixed installations.
