Published on June 16th, 2020 | by The GC Team0
Sound United in preliminary agreement to acquire Bowers & Wilkins
Sound United LLC, parent company to Denon, Polk Audio, Marantz, Definitive Technology, HEOS, Classé and Boston Acoustics, and a portfolio company of Boston-based private equity firm Charlesbank Capital Partners LLC, has entered into a preliminary letter of intent to acquire high-end audio manufacturer Bowers & Wilkins.
Bowers & Wilkins was founded in the UK in 1966 and has been at the forefront of high-performance audio technology for more than 50 years. The company designs and manufactures precision home speakers, headphones, custom installation and performance car audio products.
Kevin Duffy, CEO at Sound United, said: “B&W is a transformative brand and we look forward to the opportunity to finalise the transaction. This reflects Sound United’s unwavering focus to achieve its mission of bringing joy to the world through sound.”
The proposed transaction remains subject to ongoing discussions, confirmatory diligence, regulatory approvals and other required consents.
Sound United and Bowers & Wilkins will release further updates in relation to the status of the planned deal at the appropriate time, the two parties said.