Calabasas, CA (December 23, 2013)—Late Friday, Line 6 announced it has entered into an agreement to be acquired by Yamaha Corporation. Line 6 will become a wholly owned subsidiary, operating as before, and its management team will remain in place. Yamaha will acquire all capital stock of Line 6 owned by the founders, venture funds and employees.
Line 6 made its name pioneering the digital modeling guitar amplifier in 1996 and has expanded its range to include POD multi-effect processors, digital effects, guitar amplifiers, modeling guitars, a range of professional instrument and microphone digital wireless systems, digital live sound mixers, speakers, as well as iOS interfaces.
“I am very happy that Line 6, which has been creating innovative products and creating new market opportunities consistently over its history, will become a member of the Yamaha group. We look forward to accelerating our growth strategy by pursuing the beneficial effects from both companies and by utilizing Line 6’s core brand power centered on guitarists that is so highly regarded worldwide as well as its unique technology, planning and development capabilities” said Mr. Takuya Nakata, President of Yamaha Corporation.
“For over 30 years of developing products, and even further back to my earliest memories as a developing musician, Yamaha has been the brand for which I have always had the most respect,” said Line 6 co-founder and Chief Strategy Officer Marcus Ryle. “Yamaha has consistently set the standard in our industry for quality and innovation, and I am very proud for Line 6 to now be a part of this incredible legacy.”
“Yamaha’s acquisition of Line 6 will help accelerate the realization of our vision to drive innovation for musicians across the globe,” said Line 6 CEO and president Paul Foeckler. “We’re proud that Yamaha recognizes the innovation and value in our people, IP and processes and we’re excited about the opportunities ahead to expand our reach”
Line 6 Inc.