Misner buys AMS Neve.(RECORDING, POST AND MASTERING)

UK: Tom Misner, the president and founder of the multi-national SAE Group of audio education institutions, announced in mid-June the acquisition of console manufacturer AMS Neve.

AMS Neve gets not only an infusion of capital in the deal, but Misner told Pro Sound News Europe that they also get "a brand new start as a company, effectively." He says the purchase was made clean and outright, without charging the investment back to AMS Neve for repayment. "No debts or liabilities," says Misner. "I own the building, there's no debt--absolutely a positive cash-flow company."

AMS Neve is fulfilling all existing orders, and will be able to finish them much quicker, he says, partly through double production shifts planned to start about two weeks after the purchase. "It can grow," says Misner. "The main problem of Neve before was the growth aspects, and I've just …