CSR acquisition of APTX reinforces strength of NI Research Capabilities
The recent acquisition of Belfast-based audio technology company APT Licensing Ltd (APTX) by CSR plc will further reinforce the strength of this region’s research expertise and skills base according to Invest Northern Ireland.
CSR’s CEO Joep van Beurden was welcomed to Northern Ireland today by Jeremy Fitch, Invest NI’s Managing Director of Business International and Noel McKenna, Senior Director of APTX.
Jeremy Fitch said: "The acquisition of APTX by CSR is a strong endorsement not only of APTX but also of the capabilities of this region's internationally respected research base and highly skilled graduates and engineers. Both CSR and APTX are industry leaders and share the desire to grow in existing and new markets, whilst continuing to engage in leading edge R&D.
“Invest NI has provided a range of support packages for APTX during its formative and development years, including assistance towards a major R&D project, part funded by the European Regional Development Fund, which will be an important element in developing future commercial opportunities for the combined CSR APTX team. We look forward to developing a close relationship with CSR in Northern Ireland so that the local economy secures maximum benefit from this acquisition.”
Announcing the acquisition, Mr Van Beurden described APTX as possessing one of the industry's strongest audio portfolios with a 20 year heritage in audio expertise, and noted that closer integration of APTX’s intellectual property with CSR’s technologies will enable CSR to develop an exciting new generation of excellent quality, highly differentiated products that will further enhance the consumer experience.
APTX is renowned globally for its audio compression solutions, and joins CSR with existing intellectual property (IP) licensing agreements in place with industry-leading consumer and technology brands, including Altec Lansing, Creative, Jaybird, and Sennheiser.
The acquisition was announced in July following three years of collaboration by the companies.