Yamaha Corporation has entered into a definitive agreement to acquire Revolabs, a Sudbury, Mass.-based manufacturer of audio solutions in the unified communications, enterprise collaboration, and professional audio spaces.
The merger, which allows Revolabs to remain a wholly owned subsidiary of its new parent, allows Yamaha to “further grow its enterprise presence for audio equipment,” according to a press release from Revolabs announcing the deal.
Yamaha has been developing, manufacturing, and selling voice communication devices and professional audio equipment for the audio equipment market for years.
“The sharing of product lines, technology, know-how, and sales networks of both companies will enable the Yamaha Group to provide high-quality solutions for the diversifying needs of the market,” according to the Revolabs press release on the acquisition.
“With the market for conference room equipment expected to expand worldwide, I am extremely happy to welcome Revolabs as a member of the Yamaha Group,” said Takuya Nakata, president of Yamaha Corporation, in a press release. “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,” said Nakata.
Acquiring Revolabs allows Yamaha “to accelerate our progress in expanding sales in the electronics business domain, one of the goals announced in the Yamaha Management Plan 2016,” he said.
Revolabs’ management team will remain intact after the deal closes, which is expected by the end of this month. The Revolabs management team will continue to work on its existing plan, according to the release.
“Since we started the company in 2005, Revolabs has shown an ability to innovate and bring exciting products to the market,” said Jean-Pierre Carney, CEO and founder of Revolabs. “We’ve grown a strong team, have an exciting roadmap with industry-leading technology, and were already on track to more than double our revenues this year. Taking advantage of the strengths of the two companies will make our solutions stronger and expand our reach around the globe. There are a lot of great synergies between Yamaha and Revolabs, and our customers will receive the most benefit from this merger.”