Revolabs to come under Yamaha ownership18 March 2014
Revolabs has entered into a “definitive agreement” to be acquired by Yamaha.
The company will continue to operate as a wholly owned subsidiary of Yamaha, in a similar deal to the acquisition of amp-modelling specialist Line 6 late last December. This latest round of takeovers comes five years after Yamaha’s buyout of Nexo, and nine years after its acquisition of Steinberg.
The acquisition of Revolabs, which provides wireless conferencing and microphone systems for a variety of applications, including broadcasting, webcasts and video conferencing, fills another gap in Yamaha’s extensive pro audio portfolio. Yamaha expects the transaction to be completed by the end of March 2014, after receipt of customary regulatory approvals.
The Japanese audio giant said the deal will “enable [it to] further grow its enterprise presence for audio equipment.”
“In the future we aim to accelerate our progress in expanding sales in the electronics business domain ¬– one of the goals announced in the Yamaha Management Plan 2016, our medium-term management plan ¬– by combining the technology and know-how of both companies,” says Yamaha Corporation president Takuya Nakata.
Jean-Pierre Carner, CEO and founder of Revolabs, adds: “Since we started the company in 2005, Revolabs has shown an ability to innovate and bring exciting products to the market.
“We’ve grown a strong team, have an exciting roadmap with industry-leading technology, and were already on track to more than double our revenues this year. Taking advantage of the strengths of the two companies will make our solutions stronger and expand our reach around the globe. There are a lot of great synergies between Yamaha and Revolabs, and our customers will receive the most benefit from this merger.”