01.27.2008 08:22 AM
Corporate mergers announced at NAMM

At the National Association of Music Merchants (NAMM) convention in Anaheim last week, two significant pieces of corporate news surfaced amid all the product introductions. Denmark-based TC Group is merging with American instrument manufacturer Gibson Guitar, while Japan’s Roland has agreed to acquire a majority share of music software developer Cakewalk.

Roland and Cakewalk have been strategic partners since 1995, with Roland holding global distribution rights outside the United States since that time. Roland often bundles Cakewalk products like Sonar with its products, which include the Boss and Edirol brands. As part of the new arrangement, new Cakewalk products will be branded “Cakewalk by Roland.” The software firm recently adopted the Roland Ethernet Audio Communication (REAC) protocol to enable recording of 40 channels of audio to a PC via Ethernet.

The TC Group, which includes the Lab.gruppen, TC Electronic and Tannoy brands, will merge with Gibson, the iconic guitar manufacturer. In addition to its namesake guitar line, the Gibson family includes Epiphone, Steinberger, Slingerland, Oberheim, Baldwin and Wurlitzer among its brands. The announcement represents a preliminary agreement between the firms. TC Group CEO Anders Fauerskov will stay in Europe as COO of the new combined Gibson Guitar. Terms of the deal were not disclosed, but the companies expect to finalize the deal by the end of February.

For more information, visit www.gibson.com, www.tcgroup.tc, www.roland.com and www.cakewalk.com.

Post New Comment
If you are already a member, or would like to receive email alerts as new comments are
made, please login or register.

Enter the code shown above:

(Note: If you cannot read the numbers in the above
image, reload the page to generate a new one.)

No Comments Found

Tuesday 03:07 PM
WMUR-TV Says FAA Drone Rules Preclude ENG
The FAA’s current rules and proposed ban on flight over people, requirement of visual line of sight and restriction on nighttime flying, effectively prohibit broadcasters from using UAS for newsgathering. ~ WMUR-TV General Manager Jeff Bartlett

Manor Marketing /   Tuesday 10:32 AM
Cobham takes on American Ninja Warrior
ignite strategic communications /   Tuesday 07:12 PM
Bexel Expands Inventory with Investment in Fujinon Cabrio Lenses

Featured Articles
Product News
Discover TV Technology