US primarily based high-end speaker maker Sonos has acquired a Netherlands-based speaker firm known as Mayht Holding BV.
Sonos has acquired Mayht for about $100 million in money.
In a press launch saying the buyout, CEO Patrick Spence claims that “this strategic acquisition” offers Sonos “extra unbelievable individuals, know-how and mental property that may additional distinguish the Sonos expertise improve our aggressive benefit, and speed up our future roadmap”.
Mayht specializes in skilled, automotive, bluetooth and voice-assisted house audio system.
Sonos says that Mayht has “invented a brand new, revolutionary strategy to audio transducers”.
Sonos is a publicly traded firm within the US, on the NASDAQ.
The speaker agency says that additional particulars in regards to the acquisition shall be offered on its Q2 earnings name in Could.
The acquisition follows Sonos’ $7.99-per-month HD Radio subscription service launch on the finish of 2020.
Sonos’ Radio HD service roll out adopted the launch of the corporate’s ad-supported Sonos Radio streaming service in April 2020.
Patrick Spence has served as Sonos’ CEO since 2017 following the departure of former CEO and founder John McFarlane.
“Mayht’s breakthrough in transducer know-how will allow Sonos to take one other leap ahead in our product portfolio.”
Patrick Spence, Sonos
“Mayht’s breakthrough in transducer know-how will allow Sonos to take one other leap ahead in our product portfolio,” stated Patrick Spence, Sonos CEO.
“This strategic acquisition offers us extra unbelievable individuals, know-how and mental property that may additional distinguish the Sonos expertise, improve our aggressive benefit, and speed up our future roadmap.”
“We’re very excited and proud to turn out to be part of Sonos.”
Mattias Scheek, Mayht
Mattias Scheek, CEO of Mayht, added: “We’re very excited and proud to turn out to be part of Sonos.
“Our dream has at all times been to set a brand new commonplace within the audio business. The mixing of our know-how into Sonos merchandise will additional revolutionize prime quality sound.”Music Enterprise Worldwide
