Austrian manufacturer Pro-Ject Audio Systems has purchased British electronics manufacturer Musical Fidelity from its founder, Antony Michaelson (pictured above). Michaelson, aged 67, will continue with the company on a consultancy basis.
The purchase was announced at the High End Show in Munich, by Heinz Lichtenegger (pictured below) of Pro-Ject Audio Systems and Antony Michaelson. The sale is effective immediately, with Musical Fidelity’s London office already closed, and all operations transferred to Pro-Ject’s head office in Austria.
Lichtenegger announced a number of changes, including the release of some new models, including a lower priced Musical Fidelity M2i amplifier and a matching CD player. He said he will also be re-introducing some recently discontinued models including the M8 pre-amplifier and matching M8-500s stereo power amplifier and the M8-700-watt mono power amplifiers, as well as an updated version of the M6-500 500-watt channel integrated amplifier. (Pictured below.)
‘It appears that this is going to be a very positive move for the company, further enhancing the enviable reputation that Musical Fidelity has already established over the years,’ said Len Wallis, of Audio Marketing, which distributes Musical Fidelity in Australia. ‘Significantly Musical Fidelity’s founder, Antony Michaelson, has been retained by the new owners in an advisory and design capacity and Heinz has also taken the unusual step of returning at least some of Musical Fidelity's manufacturing to Europe, which will include the Musical Fidelity M2i amplifier and CD player.’
Wallis told Australian Hi-Fi Magazine that he was not expecting any significant price rises as a result of the change in ownership or the switch in manufacturing to Europe. ‘While final pricing is yet to be confirmed, I anticipate that some models may in fact be reduced in price, for example I expect that the M2i and its companion CD player to sell in Australia below $1,600, creating new value points for this company.’
For more information contact Audio Marketing