Music Group acquires Turbosound
Music Group founder and CEO Uli Behringer comments, "Since the acquisition of Midas and Klark Teknik we have been pursuing a loudspeaker brand that complements the consoles and processing offered by these historic brands. Throughout our search Turbosound have stood out as the ideal match because of their extensive IP, sterling reputation and a first-class team of people. I am very proud to welcome Simon Blackwood and his team to our family."
It is expected that Turbosound will benefit from Music Group's extensive infrastructure while retaining their own manufacturing, sales, marketing and distribution network worldwide.
"We will invest heavily in positioning Turbosoundat the very pinnacle of the industry, as we have done with Midas and Klark Teknik, where we have financed over $20m in new automated manufacturing, quality control systems and engineering resources, including a new Centre of Engineering Excellence in Manchester, UK" adds Uli Behringer.
Turbosound MD Simon Blackwood comments, "With the incredible people and resources of the MUSIC Group behind us, I am thrilled to enter a new era of unprecedented growth."