MUSIC Group (the parent company of Midas, Klark Teknik, Turbosound, Behringer and Bugera) has announced that it has acquired TC Group (parent company of Tannoy, Lab Gruppen, Lake, TC Electronics, TC Helicon and TC Applied Technologies).
“Since the acquisition of Midas, Klark Teknik and Turbosound, we have been continuously pursuing brands that complement the mixing console, processing and loudspeaker excellence offered by these historic brands,” said MUSIC Group founder and CEO Uli Behringer. “Throughout our search, TC Group has clearly stood out as the ideal match because of their world-class brands, impressive intellectual property, sterling reputation and first-class team of people. I am very proud to welcome the TC Group team into our family.”
According to MUSIC Group, the addition of Tannoy, Lab Gruppen and Lake allows it to round out their professional install and touring sound offerings alongside Midas, Klark Teknik and Turbosound, while TC Electronics and TC Helicon represent the industry’s leading brands in the guitar effects and voice processing sector, and complement MUSIC Group’s Bugera guitar tube amplifier brand and Behringer prosumer division.
Tannoy, Lab Gruppen and Lake will now join MUSIC Group’s Midas, Klark Teknik and Turbosound brands to strengthen MUSIC Group’s continued expansion into the professional A/V market. With the acquisition, Music Group is positioned to deliver complete system solutions to Install and Touring customers, the combination of these brands represents an unprecedented range of choice for the most demanding of applications.
Behringer (right) continues, “We will invest heavily in positioning TC Group’s brands at the very pinnacle of the industry, as we have done with Midas, Klark Teknik and Turbosound, where we have invested over $100 million in highly automated and integrated manufacturing facilities, quality control systems and engineering resources, including a new Center of Engineering Excellence in Manchester, UK.”
“TC Group will now equally have full access to MUSIC Group’s extensive resources and advanced automated system platforms in such areas as product development and lifecycle management, engineering, manufacturing, supply chain and finance.”