Behringer Parent Company to Acquire Midas, Klark Teknik

Dec 8, 2009 6:56 PM

Polls


Mix Regional

The Mix Regional section for Mix's September 2014 issue focuses on Miami. Send us your studio news: updates, sessions, new rooms, plus club performances and installations. Let the Mix audience know what is going on! Send photos and descriptions to mixeditorial@nbmedia.com.

photo of Midas console

The Music Group, a holding company for pro audio and music products brands (including Behringer), has inked a deal to acquire the Kidderminster, U.K.-based Midas and Klark Teknik brands from Bosch Communications Systems.

“Midas and Klark Teknik have always epitomized the highest possible performance and reliability in the mixing console and signal processing markets,” says Bosch Communications Systems senior VP Robert Mulatz. "With the Music Group, we believe we have found both the passion and the financial ability needed to grow Midas and Klark Teknik. Of all potential buyers that were screened, we selected the Music Group as the best fit.”

According to Music Group chairman Uli Behringer, “I am thrilled and honored to join with John Oakley and his team 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 in these brands, we also look forward to learning from the achievements of their engineers and working with them to take Behringer and all of the Music Group brands to a new level.”

The KT and Midas brands “will continue to operate autonomously under the leadership of John Oakley while benefiting from the synergies of our combined efforts,” adds Music Group CEO Michael Deeb. “All brands will take advantage of the Music Group’s extensive resources and industry-leading competencies including product development, life-cycle management, supply chain and logistics."

The asset deal was signed on December 8, 2009. The sale is subject to regulatory approval, with the deal scheduled to be completed by January 31, 2010.

The acquisition price and terms were not been disclosed, although the KT and Midas brands will continue to operate independently with the added resources of the Music Group, which plans to retain all of KT and Midas’ current 106 employees.

For more information, visit www.midasconsoles.com, www.klarkteknik.com or the Music Group at www.music-group.net.






Acceptable Use Policy
blog comments powered by Disqus

Mix Books

Modern Recording and Mixing

This 2-DVD set will show you how the best in the music industry set up a studio to make world-class records. Regardless of what gear you are using, the information you'll find here will allow you to take advantage of decades of expert knowledge. Order now $39.95

Mastering Cubase 4

Electronic Musician magazine and Thomson Course Technology PTR have joined forces again to create the second volume in their Personal Studio Series, Mastering Steinberg's Cubase(tm). Edited and produced by the staff of Electronic Musician, this special issue is not only a must-read for users of Cubase(tm) software, but it also delivers essential information for anyone recording/producing music in a personal-studio. Order now $12.95

Newsletters

MixLine

Delivered straight to your inbox every other week, MixLine takes you straight into the studio, with new product announcements, industry news, upcoming events, recent recording/post projects and much more. Click here to read the latest edition; sign up here.

MixLine Live

Delivered straight to your inbox every other week, MixLine Live takes you on the road with today's hottest tours, new sound reinforcement professional products, recent installs, industry news and much more. Click here to read the latest edition; sign up here.

[an error occurred while processing this directive]

The Wire, a virtual press conference offering postings of the latest gear and music news, direct from the source. Visit the The Wire for the latest press postings.