Source: Press Release, Last Accessed: 2018/05/16

Heinz Lichtenegger (left in photo) a HiFi industry veteran who created the Austrian distribution company Audio Tuning and the international global brand Pro-Ject Audio Systems, announced that Audio Tuning acquired the iconic British audio company Musical Fidelity as MF's founder, Antony Michaelson (right in photo) has retired. The acquisition is effective from Wednesday, 16th May.
Pro-Ject stands for Lichenegger‘s personal philosophy of affordable HiFi audio. It achieved fame by bringing back analog record players at a time when almost everybody considered CD and digital to be the only viable media. Musical Fidelity was established 36 years ago and has built up an enviable reputation for high quality, design innovation, top-notch technical performance and value for money. These key facts are remarkably similar to Lichtenegger’s personal audio philosophy.
As their founder, Antony Michaelson, has retired, Musical Fidelity was adamant that their beloved customers should continue to receive back-up and was looking for a suitable partner to carry on their traditional values. Lichtenegger‘s brand takeover will ensure the continuation of customer backup and Musical Fidelity‘s design heritage.
"We are delighted that Heinz Lichtenegger has taken over the Musical Fidelity brand. We have full confidence in the technical and design capabilities of his team and we know that they will continue developing MF‘s design DNA and looking after our long term customers. We have known Heinz for 30 years and have built a deep friendship with him. We are pleased that he has taken over the brand and that we will still continue to have an influence on it‘s direction," said MF's spokesman.
"As president, owner and CEO of both, Audio Tuning and Pro-Ject Audio Systems, I have known Musical Fidelity for 30 years and have always admired it. I will relish the opportunity of expanding the Musical Fidelity brand and continue developing its design and heritage DNA. I am brimming with ideas for new products and ways of exploiting the brands enviable heritage. I see great potential for the brand giving me even more options continuing my aim to fascinate as many people as possible for our joy to listen to music at home with a great HiFi system.“ Heinz Lichtenegger stated.

For more information: http://www.audiotuning.com/, http://project-audio.com, http://www.musicalfidelity.com/

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