DEC. 8 I THE MUSIC GROUP I ACQUISITION
Midas, Klark Teknik
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The Music Group signed a deal on Dec. 8 to acquire the Midas and Klark Teknik brands from Bosch Communications Systems. The sale is subject to regulatory approval, and the terms have not been disclosed.
The Music Group owns the Behringer brand and a number of other associated companies. It’s managed by Uli Behringer and Michael Deeb.
The company plans to retain all 106 employees currently working at Midas and Klark Teknik. The brands will continue to operate independently with the added resources of the Music Group.
“I have immense respect for the dedication to quality, performance and customer service that this team has shown consistently over the years,” said Uli Behringer, chairman of the Music Group. “While we plan to invest considerable resources and support in these brands, we also look forward to learning from the achievements of their engineers and working with them to take Behringer and all of the Music Group brands to a new level.” MI