posted by Deborah D. McAdams /
03.17.2014 05:02 PM
Revolabs Announces Acquisition by Yamaha Corp.
Will continue to operate as wholly owned subsidiary
SUDBURY, MASS.—Revolabs announced it has entered into a definitive
agreement to be acquired by Yamaha Corp. The merger of the two companies
will help Yamaha further grow its enterprise presence for audio equipment.
“By combining Revolabs’ wireless microphone
systems and wireless conference phones with Yamaha’s voice communication
devices and professional audio equipment, we expect to be able to create even
more appealing solutions for our customers. 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,” ssaid Mr. Takuya Nakata, president of Yamaha
Revolabs will continue to operate as a wholly owned subsidiary of Yamaha
Corp. and execute on its existing roadmap with the current management
team. The transaction is expected to be completed by the end of March 2014
after receipt of customary regulatory approvals. Moelis & Company acted
as the exclusive financial advisor and Latham & Watkins LLP acted as
legal advisor to Revolabs in connection with the transaction.