New York (April 5, 2010)—HM Electronics (Poway, CA) entered into an agreement Friday to purchase Clear-Com Communication Systems from The Vitec Group plc.
Clear-Com will continue operation as a wholly-owned subsidiary of HME, with no changes planned for its product portfolio. Clear-Com business headquarters will remain in Alameda, CA, while its research and development will continue in Cambridge, UK and Montreal, Canada.
HME, a privately-held company, has a history in digital wireless intercom solutions for restaurant, hospitality, sports and pro audio markets. HME expects the acquisition to help it reach into new markets, while creating synergies in product development and operations for both companies.
“After enjoying substantial growth in all our key sectors over the last decade, it was time for HME to take the next step,” said Chuck Miyahira, CEO of HME. “Clear-Com is the best-known brand in the mission-critical intercom marketplace, and brings a wealth of industry knowledge, innovative technology and great business partnerships around the globe. This acquisition will expand the HME business in the pro audio space with a wider range of complimentary communication solutions.”
“We are extremely pleased to make this announcement,” said Mitzi Dominguez, President of HME. “Both companies have been in the professional intercom business for over 30 years and share similar cultures and core values. And there is tremendous synergy between the two companies. With their combined expertise in the professional audio industry they will focus on finding new innovative ways to help their customers.”
“We see a great fit with the strategy and vision of HME. The efforts of our combined teams will bring added value to our customers and greater opportunities for both companies,” said Matt Danilowicz, who will continue in his role as President of Clear-Com under the new structure within HME. “HME’s complementary expertise in wireless, their operations and manufacturing excellence, and their appreciation of our markets will solidify the growing recognition that Clear-Com’s products are setting a new standard for the industry.”