Sound United Moves To Acquire Iconic British Speaker Brand Bowers & Wilkins

Speaking last night about the unexpected move, Kevin Duffy, CEO at Sound United said: “Over the course of five decades Bowers & Wilkins built one of the most prestigious brands in the global speaker market with industry-leading acoustical engineering, iconic design and marketing. B&W is a transformative brand and we look forward to the opportunity to finalize the transaction. This reflects Sound United’s unwavering focus to achieve its mission of bringing joy to the world through sound.

Sound United can bring a lot to the party in this deal. The company owns the HEOS multi-room audio technology that could be built into Bowers & Wilkins Formation range of wireless speakers. This would inject life to a product lineup that’s been struggling to gain a foothold in the market. With HEOS onboard, B&W wireless speakers could work with Marantz and Denon audio gear to play music all around the home.

The proposed transaction remains subject to ongoing discussions, confirmatory diligence, regulatory approvals, and other required consents. Sound United and Bowers & Wilkins will release further updates in relation to the status of the proposed transaction at the appropriate time. This isn’t the first big acquisition that Sound United has attempted. Earlier this year, talks were held, and a memo of understanding signed, between Sound United and Onkyo. The deal was to take over both the Pioneer and Onkyo brands. However, talks fell through at the last moment. For this reason, we will have to wait and see if this acquisition definitely goes ahead, but if it does then B&W will become a part of a collective of big-name audio brands.

Sound United is a portfolio company of Boston-based private equity firm Charlesbank Capital Partners, LLC. I will update this story when I get more news.

☹️

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trump: Chokeholds by police sound 'so innocent and so perfect' but should end - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Just like he and half America takes pleasure when black people are killed Such a mush mouth. It blows my mind people listen to this stuff and conclude he is in anyway intelligent.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Warner Music's Stock Offering Previews a Hot New Sound for Industry: Cha-ching!?WMG&39;s initial public offering marks the music industry&39;s triumphant return to Wall Street after years spent searching for a sustainable business model. GoldmanSachs
Source: billboard - 🏆 112. / 63 Read more »

Stock market live updates: Dow bounces 700 points, reopen trades back on, United pops 11%What's the deal with Hertz, a bankrupt company, asking a judge if the company can sell $1 billion worth of stock? MadMoneyOnCNBC's jimcramer sounds off. MadMoneyOnCNBC jimcramer the deal is buying $NAK MadMoneyOnCNBC jimcramer The US market is completely broke...what a shame… MadMoneyOnCNBC jimcramer So I guess they'd no longer need protection from their creditors huh?
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: Dow futures bounce 500, reopen trades back on, United up 11%A conversation on the latest market-moving news. 'Yay!!!!!' - Mammon Hi there, Do you need photoshop image background removal service? please contact me or order here This is a bull trap if I’ve ever seen one, nothing has changed since yesterday
Source: CNBC - 🏆 12. / 72 Read more »