Hibino acquires 75% stake in Spectrum Audio Visual

APAC:

Hibino Corporation has agreed to acquire a 75% stake in Singaporean AV consultant Spectrum Audio Visual for SGD$5.53 million. The deal was originally confirmed at the end of February this year and has been completed today.

Established in 1999, Spectrum is headquartered in Singapore and boasts offices across Asia to cater to its global client base. The company represents various manufacturers and offers a wide spectrum of solutions including conferencing tools, audio systems, interactive displays, digital signage and live video streaming solutions.

At the end of the fiscal year of 2024, Spectrum reported total revenue of $26.54 million, with total assets of $195.34 million, net income of $1.37 million and total common equity of $6.44 million.

Spectrum said it believes the partnership with the Japanese AV specialist will strengthen the company’s financial foundation, operational capacity and regional reach. “Hibino has achieved consistent growth for three consecutive years, with FY2024 projected revenue exceeding $500M+ and an ordinary profit of S$35M+,” said Spectrum. “The company operates in the exact same audiovisual business sector as Spectrum, ensuring alignment in expertise, solutions and industry focus. With this strong financial foundation, we are now even better positioned to serve our clients across Asia Pacific and undertake multiple large-scale projects.”

Led by managing director Vincent Chua, the Singaporean company noted that its leadership and team will remain unchanged. The company also highlighted further benefits customers and partners can expect from the alliance, including expanded expertise in AV solutions, including stadiums, arenas, musical theatres, theme parks, broadcast studios and enterprise solutions and streamlined AV deployment across APAC, with operations in Japan, Korea, Hong Kong, Australia, USA, Netherlands, Singapore, Malaysia, Indonesia and Sri Lanka.