01 Dec Leading British Engineering and HiFi Brand SME Ltd Is Acquired by Cadence
December 2016 – Steyning, England – Cadence Group is pleased to announce it has taken ownership of British engineering and Hi-Fi specialist SME Limited. Cadence, which already has major controlling interests in other prestigious audio brands, will bring a new level of investment to SME, allowing the company to extend its research and development activities whilst continuing to produce the class-leading products it is globally acclaimed for.
Over the last few years, Cadence has acquired major controlling interests in several highly respected audio brands including the UK’s Spendor Audio Systems and Netherlands-based Siltech Audio and Crystal Cables. With a sustained focus on investing in market-leading audio companies, Cadence has a reputation for helping its companies grow further and to extend their research and development activities.
Although famous for turntables and tonearms, SME’s unrivalled design and manufacturing capabilities mean that its expertise is sought after by many precision engineering disciplines including Formula 1 and Aerospace, where the highest precision engineering is commanded.
SME’s newly appointed CEO, Stuart McNeilis said, ‘SME is the most iconic name in tonearm and turntable engineering and epitomises the very best of British engineering. By combining innovation with meticulous manufacturing and attention to detail has made SME a market leader for decades. With increased investment allowing for new product development, the company will build on its legacy of designing and manufacturing the best tonearms and turntables in the world.’
Simultaneously, SME has appointed high-end audio distributor Padood to look after all sales and marketing activities in the UK and Ireland. McNeilis continues, “We are delighted to announce this new partnership with Padood, who is one of the leading distributors of high-end audio in the UK. Together, we aim to grow awareness of the SME brand and its products to both traditional audiophiles and a new generation of music-loving enthusiasts.”