With this merger, Yamaha says in a statement, the Japan-based company is promoting business growth through mergers and acquisitions in addition to capital tie-ups as one of its major business strategies according to the three-year medium-term management plan, “Yamaha Management Plan 2016,” which took effect in April 2013.
Established in 2005, Massachusetts-based Revolabs mainly supplies such equipment as wireless microphone systems and wireless conference phones for conference rooms. “With the market for conference room equipment expected to expand worldwide, I am extremely happy to welcome Revolabs — a company that has earned a high level of trust from customers and grown rapidly in this market — as a member of the Yamaha Group,” says Takuya Nakata, president of Yamaha Corporation. “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.”
Revolabs will continue to operate as a wholly-owned subsidiary of Yamaha Corporation and execute on its existing roadmap with the current management team, the company says. The transaction is expected to be completed by the end of March 2014 after receipt of customary regulatory approvals.
“Since we started the company in 2005, Revolabs has shown an ability to innovate and bring exciting products to the market,” says 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.”
For more information, contact Yamaha Music Canada: 416-298-1311, www.ca.yamaha.com.