SOUND UNITED, THE HOME OF B&W, MARANTZ, DENON, POLK ETC TO BE ACQUIRED BY MEDICAL TECH COMPANY

Sound United, has announced that it has entered into a definitive agreement to be acquired by medical tech company Masimo Corporation.

Masimo is a global medical technology company that develops, manufactures, and markets a variety of non-invasive monitoring technologies for hospital and home settings.

Bowers & Wilkins 800 D4 Diamond Series flagship loudspeaker

BOWERS & WILKINS, MARANTZ, POLK…

Sound United is the parent brand of several well-known names in the HiFi industry: Bowers & Wilkins, Denon, Polk Audio, Marantz, Definitive Technology, Classé, and Boston Acoustics. Sound United acquired British brand Bowers & Wilkins in 2020.

MASIMO

“I have long been a fan (and proud owner) of Sound United’s iconic brands and am honoured to steward them through the next generation of technological evolution,” Masimo Founder, Chair & CEO Joe Kiani commented. “Masimo shares Sound United’s commitment to providing innovative, best-in-class products and experiences, with a relentless focus on improving the consumer experience.”

Marntz MODEL 40n amplifier which launched yesterday

SOUND UNITED

A combined Masimo and Sound United say that they will “create stronger relationships with consumers and seamlessly deliver high-quality consumer products. The company will leverage Sound United’s expertise across consumer channels to accelerate distribution of Masimo’s expanding portfolio of consumer products. The resulting company will benefit from a world-class professional and consumer engineering function focused on products that make an impact on the lives of our consumers”.

“We’re excited about this transaction and see significant potential in combining our expertise in consumer electronics and audio engineering with Masimo’s strengths in healthcare and monitoring,” said Kevin Duffy, CEO of Sound United. “With our track record of industry-first innovation, best-in-class products, and a global distribution network, we are the ideal partner for Masimo to transform the consumer healthcare experience. I look forward to working with the Masimo team to enrich the lives of consumers.”

The transaction is expected to close near the middle of 2022, subject to the receipt of regulatory approvals and other customary closing conditions. Post-closing, Kevin Duffy will continue to lead Sound United, reporting directly to Masimo Chairman and Chief Executive Officer, Joe Kiani.

HiFi Pig Says: An interesting move as a Medical Tech company buys up some of the big names in HiFi, what will this mean for the brands?

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