US-based premium speaker manufacturer Sonos has acquired a Dutch-based speaker manufacturing company called Mayht Holding BV.
Sonos acquired Mayht for about $100 million in cash.
In a press release announcing the acquisition, CEO Patrick Spence stated that “this strategic acquisition” gives Sonos “greater people, technology and intellectual property.” will further differentiate the Sonos experience, enhance our competitive edge, and accelerate our future roadmap.”
Mayht specialize in professional, automotive, bluetooth and voice-enabled home speakers.
Sonos says that Mayht has “invented a new, revolutionary approach to audio transducers”.
Sonos is a publicly traded company in the US, on NASDAQ.
The speaker company says that details on the acquisition will be provided during its Q2 earnings call in May.
Acquisition after Sonos . $7.99 per month HD Radio subscription service launch by the end of 2020.
Sonos ‘Radio HD service launched after the company’s launch ad-supported Sonos Radio streaming service in April 2020.
Patrick Spence served as CEO of Sonos since 2017 following the departure of former CEO and founder John McFarlane.
“Mayht’s breakthrough in transducer technology will help Sonos take another leap forward in our product portfolio.”
Patrick Spence, Sonos
Patrick Spence, Sonos CEO, said: “Mayht’s breakthrough in transducer technology will help Sonos take another leap forward in our product portfolio.
“This strategic acquisition brings us more amazing people, technology and intellectual property that will further differentiate the Sonos experience, enhance our competitive edge, and accelerate our roadmap.” our future.”
“We are delighted and proud to be a part of Sonos.”
Mattias Scheek, Mayht
Mattias Scheek, CEO of Mayht, added: “We are delighted and proud to be a part of Sonos.
“Our dream has always been to set a new standard in the audio industry. The integration of our technology into Sonos products will further revolutionize high-quality sound. ”Worldwide music business
