12.11.2009 11:36 AM
Bosch sells Midas, Klark Teknik to Music Group
Pro audio brands Midas and Klark Teknik have been acquired by the Music Group. Previously, both brands were owned by Bosch Communications Systems, which acquired them in 2008. The Music Group owns the Behringer brand as well as a number of other associated companies; it is managed by Uli Behringer and Michael Deeb. The sale of Midas and Klark Teknik is part of an asset deal subject to regulatory approval. Acquisition price and terms have not been disclosed.
Both Midas consoles and Klark Teknik electronics boast decades of history. Midas has recently made the leap from analog to digital console design with its large-format XL8 and compact PRO6 designs, while K-T has been a leader in graphic EQ for years, most recently with its DN360 graphic equalizer, which works in concert with Midas digital consoles.
Currently, 106 associates are employed by the two brands. All of them will be transferred to the Music Group, which affirms that the Midas and Klark Teknik brands will be continued.
Robert Mulatz, senior VP of Bosch Communications Systems, said, “Midas and Klark Teknik have always epitomized the highest possible performance and reliability in the mixing console and signal processing markets. Within the professional audio business of Bosch, this niche market has not been defined as a core business area due to its size and specific requirements. We believe that in the Music Group we have found both the passion and the financial ability needed to grow Midas and Klark Teknik.”
Uli Behringer, chairman of the Music Group, sees the acquisition as an opportunity both for the two brands, but also for the firm’s Behringer line, which made its reputation by offering quality designs at market-low prices. “I am thrilled and honored … in taking these legendary brands forward. I have immense respect for the dedication to quality, performance and customer service that this team has shown consistently over the years. While we plan to invest considerable resources and support to these brands, we also look forward to learning from the achievements of their engineers and working with them to get Behringer to a new level.”