November 01, 2021 I Acquisition
Fender Signs Definitive Agreement to Acquire Presonus
Fender Musical Instruments Corporation (FMIC) has signed a definitive agreement of merger with PreSonus Audio Electronics, Inc. The Baton Rouge, Louisiana-based brand is a leading designer and manufacturer of recording and live-sound hardware and software solutions.
“We are thrilled to welcome everyone on the PreSonus team to the FMIC family and excited about the future growth opportunities available to both companies,” said Andy Mooney, Fender CEO. “Our teams share the same passion for music, the same commitment to innovation and the same desire to inspire and equip current and future generations of artists.”
“I would like to extend our utmost gratitude to our loyal Baton Rouge and Louisiana community that have supported PreSonus for the last two decades,” said Kevin Couhig, chairman of PreSonus. “It has been wonderful being a part of this incredible journey with PreSonus. I’m excited to see what the future holds going forward.”
“After more than 25 years PreSonus feels it has found the right partner to support us as we continue our growth,” said Jim Odom, founder/CSO PreSonus. “We look forward to showing our current and future music community what this opportunity means for them.”
“PreSonus and Fender’s combined vision, the way we see the future of music creation, and the fundamental alignment of goals has made this an exciting idea since the first conversation,” said Jim Boitnott, CEO PreSonus.
At this time, FMIC said in a statement it and PreSonus will continue to operate as separate entities.