Sales at Acquisition
We are delighted to partner with Astorg who have demonstrated an impressive understanding of our business and our core strengths. With their support we aim to capitalise on our manufacturing capabilities, strengthen our worldwide development program and enrich our product portfolio. James GordonAudiotonix CEO
Audiotonix is headquartered in Surrey, UK.
Collectively the business operates in over 90 countries with the help of more than 150 distributors.
Sustainable management of the supply chain
Audiotonix’s audio mixing consoles are both manufactured offshore in China and assembledin the Group’s facilities in the UK. The Group has identified the major risks related to its supply chain, most importantly a reputational risk. As an international player, Audiotonix should protect itself from controversies linked to its suppliers (like child labour or land contaminations). The following measures have been taken to reduce these risks:
- The Group has published a Code of Conduct, which was communicated to its main suppliers in October 2018.
- Audiotonix has launched an audit schedule, which foresees to conduct regular internal audits of the first and second tier suppliers, which together represent 72% of the Group’s product materials expense.
- Audiotonix has already audited its key China contract manufacturer in 2017. In 2018, 4 suppliers have been audited. According to the audit schedule, all other main suppliers (23) should be audited by the end of 2019.
- The Group participates to TISCreport, a reporting tool which helps registered companies monitor their suppliers against the Modern Slavery Act and improve the transparency of their supply chain overall.
Astorg asked us a lot of questions about our supply chain. Our discussions led to the draft of our ESG roadmap which integrates several steps to follow in order to reduce supply chain risks. It was an opportunity for us to pursue our efforts in this direction. Tony WilliamsGroup Operations Director at Audiotonix