Jan 21
Gibson Guitar to merge with TC Group
Gibson Guitar and TC Group, leaders in professional audio industry, have announced they are planning to merge. The announcement was made during the NAMM 2008 show in Anaheim, California by Gibson Guitar Chairman and CEO Henry Juszkiewicz and CEO of TC Group, Anders Fauerskov.
The TC Group, headquartered in Risskov, Denmark, develops and manufactures audio products for audio professionals and musicians. The company has a number of brands of pro audio technology and produces amplifiers, speakers, digital processors, guitar pedals and other audio products.
“This merger will revolutionize the music industry for many years to come. The synergy between the two companies will allow us an enormous advantage in the development of new audio technologies and brings together two of the world’s most poweful brands.”Henry Juszkiewicz, CEO of Gibson Guitar
The announcement marks a preliminary agreement between the two companies. Under the terms of the new acquisition, Anders Fauerskov will remain based in Europe, and serve as Chief Operating Officer of the new combined Gibson Guitar Corp. The two companies expect to finalize the deal by the end of February 2008.
For more information, visit the Gibson Guitar Website.
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