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Formosa Group Acquires Noiseworks, Expanding Its Global Interactive Presence With Award-Winning Talent

Mar 15, 2022•over 3 years ago

Acquiring Company

Formosa Group

Acquired Company

Noiseworks

Los AngelesMusic And AudioMedia And Entertainment

Description

Post production sound industry leader, Formosa Group, part of Streamland Media, has acquired London-based The Noiseworks Limited, expanding its interactive division's global creative sound design services and stellar talent roster in the UK. The acquisition of the acclaimed audio company reinforces Formosa Interactive's commitment to meet the end-to-end audio needs of global platform holders, publishers, and developers.

Company Information

Company

Formosa Group

Location

Los Angeles, California, United States

About

Formosa Group (www.formosagroup.com), part of Streamland Media, is a full-service post-production sound company composed of award-winning talent. Among its many divisions, Formosa Group offers content creators services, including sound supervision and design, sound and music editorial and re-recording mixing, as well as integration and music for film, broadcast, games, and other platforms. It is home to some of the most creative and well-respected sound artists in the entertainment industry today. Formosa Group has five unique divisions – Features, Broadcast, Music, Interactive and Commercials – with multiple locations throughout greater Los Angeles, Seattle, New York, Toronto, and the U.K.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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