Sudbury, MA (March 18, 2104)—Yamaha Corporation will acquire the audio solutions company Revolabs, as part of its growing effort to develop, manufacture and sell voice communication devices.
"With the market for conference room equipment expected to expand worldwide, I am extremely happy to welcome Revolabs, a company that has earned a high level of trust from customers and grown rapidly in this market, as a member of the Yamaha Group," said Mr. Takuya Nakata, president of Yamaha Corporation.
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 regulatory approvals.
"Revolabs' ethos of creating products that provide value for customers with strong technical capabilities as a base meshes well with the Yamaha Group's corporate philosophy. By combining Revolabs' wireless microphone systems and wireless conference phones with Yamaha's voice communication devices and professional audio equipment, we expect to be able to create even more appealing solutions for our customers. In the future, we aim to accelerate our progress in expanding sales in the electronics business domain, one of the goals announced in the Yamaha Management Plan 2016, our medium-term management plan, by combining the technology and know-how of both companies."