Bose Corporation has announced the acquisition of McIntosh Group, the parent company of luxury audio brands that include McIntosh and Sonus faber. McIntosh Group manufactures amplifiers, speakers, turntables and other audio products, significantly expanding Bose’s portfolio.
Bose says the acquisition allows it to infuse its audio research and technology into the high-performance and luxury space while it continues to build on its premium solutions.
The combined forces of Bose and McIntosh Group also opens new opportunities in the automotive sector. By leveraging Bose’s 40-plus years of experience in automotive audio, and McIntosh Group’s legacy of performance and design, the brands say they will work together to expand their research and continue to engineer in-car experiences.
Lila Snyder, CEO of Bose Corporation, said: “Over the last six decades we’ve delivered the best premium audio experiences possible; now, with McIntosh Group in our portfolio, we can unlock even more ways to bring music to life in the home, on-the-go and in the car. We look forward to honouring the heritage of these brands, investing in their future and pushing the boundaries of audio innovation to bring customers experiences they’ve never heard before.”
Daniel Pidgeon, CEO of McIntosh Group, added: “Bose’s dedication to research and singular focus on audio provides a tremendous opportunity to complement and enable our own pursuit of delivering inimitable, ultimate-quality audio experiences. Gaining access to their expertise as a pioneer in automotive audio will also help us accelerate our presence and enable us to deliver solutions that are commensurate with our reputation and performance standards.”
Bose will continue to develop products and experiences in popular categories like headphones, speakers, soundbars, and car audio while advancing critical technologies such as noise cancellation, hearing augmentation, and immersive audio. McIntosh and Sonus faber will maintain its focus on amplifiers, loudspeakers, turntables, and other high-end products.
Bose acquired McIntosh Group from Highlander Partners, a Dallas-based private investment firm. Jones Day acted as Bose’s legal counsel. Additional information, including financial and other terms of the transaction, will remain confidential.
