YAMAHA BUYS REVOLABS — AV.technology
Revolabs announced that it has entered into a definitive agreement to be acquired by Yamaha Corporation. The merger of the two companies will help Yamaha further grow its enterprise presence for audio equipment. Yamaha has also been developing, manufacturing, and selling voice communication devices and professional audio equipment for the expanding audio equipment market for many years, and the sharing of product lines, technology, know-how, and sales networks of both companies will enable the Yamaha Group to provide high-quality solutions for the diversifying needs of the market. Revolabs will continue to operate as a wholly-owned subsidiary of Yamaha Corporation 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.
Australian Distributor: Audio Products Group (02) 95780137 or www.audioproducts.com.au