Modal Electronics Completes Restructuring

You might remember Modal Electronics' insolvency case reported back September. They are back under new ownership.

Press release follows:

Modal Electronics completes strategic restructuring and commits to sustainable transformation of the brand and the product line​
New ownership structure unlocks ambitious next-generation product plan
Hong Kong, 1st May 2024 – Modal Electronics, a leading brand of electronic music instruments and technology today announces the successful completion of its strategic restructuring, initiated in September 2023.

The completed restructuring marks a major milestone for Modal Electronics, as the brand can now focus on developing an ambitious plan for the next generation of music instruments and technology. Modal Electronics is ready to deliver exciting instruments and music creation tools for every music producer, performing musicians and synth aficionado.

Modal Electronics’ ownership transformation is the result of a strategic collaboration between Alltronics Holding Ltd and the company’s leadership team. This collaboration has resulted in a strong financial foundation and a clear vision for the company’s future.

Alltronics Holding Ltd is a manufacturer of premium consumer and music technology products and understood the opportunity to support the brands’ goals with their expertise in product development and manufacturing.

With this new structure, Modal Electronics can focus on creating innovative products that will push the boundaries of music creation and performance. The company has already built a strong reputation with its existing ARGON and COBALT product lines, but with the new investments and resources, it can now realize even more ambitious plans, using the latest technologies and collaborating with industry-leading experts. This will result in products that are not only advanced, but also easy to use and adaptable to the individual needs of musicians and music producers.
Eric Lam, CEO of Alltronics Holding Ltd comments: “The strategic collaboration between Alltronics and Modal signifies a significant milestone for both companies and holds immense promise for the future.

By combining the expertise and resources of Modal Electronics and Alltronics, we are poised to deliver a new level of excellence in the products and services we offer. This partnership will enable us to leverage our respective strengths, ranging from Modal’s cutting-edge technology and innovation in synthesiser music instruments enabling us to develop and bring to market even more advanced and groundbreaking products, catering to the evolving needs and aspirations of our valued customers.

I would like to express my sincere gratitude to our customers, partners, and employees for their unwavering support and dedication. It is through your trust and collaboration that we have reached this pivotal moment. I am confident that this joint venture will lead to remarkable achievements, opening up new horizons and propelling Modal Electronics to greater heights.”

Since 2013, Modal Electronics has cemented itself at the leading edge of forward-thinking synthesiser technology. Fusing sophisticated analogue and digital circuitry with an innovative approach to synthesiser design, Modal Electronics’ current portfolio is regarded as the pinnacle for users seeking modern synth-centric tools engineered for the forward-thinking creative. Whether it’s the Wavetable-fuelled ARGON-Series, the Beyond Analogue COBALT-Series or the ‘go-anywhere’ CREATOR-Series, users are empowered with unparalleled creative possibilities and the convenience of a 1:1 standalone app- and plugin-based control courtesy of MODALapp.