We have launched our new site! The Wire backend has moved to www.svconline.com. Your can log on now with your e xisting credentials. For your reference, posting instructions have been sent to your email. Note: postings made to the old backend will be redirected through Thursday Feb 19th. Please make the switch to www.svconline.com as soon as possible.


If you have questions please email thewire@svconline.com.


Looking forward to seeing you on the new site!

A virtual press conference from Sound & Video Contractor

YAMAHA TO MAKE AN OFFER TO ACQUIRE THE CONTROL OF FRENCH SPEAKER COMPANY NEXO S.A.

BUENA PARK, Calif.─Yamaha Corporation Japan has announced that its Board of Directors, at their meeting held on June 19, 2008, has decided to make an offer to the founders of NEXO S.A. (Headquarters: Parc du Pré de la Dame Jeanne, 60128 Plailly, France; Registered with the Senlis Trade and Companies Registry [“Registre du Commerce et des Sociétés?] under number 317 272 540; President: Michael Johnson; Hereinafter, NEXO) to acquire all of their shares of NEXO.

Yamaha has 40 years of experience in the development of professional audio systems, and was one of the first companies to commercialize digital mixing consoles. Products such as the Yamaha PM1D and PM5D have become global standards in the industry. Yamaha has worked to drive steady growth of its Professional/Commercial Audio business segment with their digital mixing consoles, signal processors, and power amplifiers.

In June 2005, Yamaha purchased a 10.22% interest in NEXO, a leading brand in the field of high-output speaker systems for professional use in large concert venues, halls, and theaters, and entered into a strategic alliance with the company. NEXO and Yamaha combined their know-how to develop the NXAMP Powered Digital TD controller and joined forces to strengthen their capabilities for providing better system solutions for their clients.

“The offer to purchase NEXO by our parent company Yamaha Corporation Japan, is a very positive move for both companies,? states Larry Italia, Vice President/General Manager, Yamaha Commercial Audio Systems, Inc. “Right now, it is business as usual for us, our dealers and our customers.?

Yamaha came to the conclusion that its joint activities with NEXO would generate results at a substantially accelerated pace if the two companies could work in closer cooperation. Accordingly, Yamaha decided to take steps toward making NEXO a wholly owned subsidiary of the Yamaha Group by offering to acquire the shares of the founders and, thereafter, launching a tender offer to acquire the remainder of NEXO’s shares on the market.

After NEXO becomes a subsidiary, Yamaha will continue and further develop the NEXO brand as well as its know-how, and strengthen capabilities for creating system solutions by advancing the position of NEXO and Yamaha in speaker technology. Yamaha will also work to enhance its development capabilities in existing product lines and strengthen its production capacity through the use of NEXO’s production facilities.

If agreed upon, the sale would be concluded later this year.

For more information on this intent to purchase, please contact Larry Italia, Vice President/General Manager, Yamaha Commercial Audio Systems, Inc. directly.
(714) 522-9011.

-END-

About Yamaha Commercial Audio Systems, Inc.:
Yamaha Commercial Audio Systems, Inc. offers a complete line of integrated professional audio products for the commercial recording, production, broadcast, live sound, and sound reinforcement markets. The company has a dedicated dealer network, intensive field training, and 24-7 tech support in the U.S. and Canada.

Listen Technologies Expands ListenIR with New Offerings – All Products Now Shipping
Media Vision Appoints Cardone, Solomon & Associates as Manufacturer Representative
Platinum Tools Makes Cable Tracing Easy With New Tone & Probe Set
Masque Sound Takes Audiences on Engaging Journey to Celebrate American Folk Music in Lonesome Traveler
API’s BOX Hits the Road
Spider Ranch Utilizes Vue Audiotechnik Al-4 System for Clint Eastwood at At&T Pebble Beach
Shotoku Expands With New Corporate Headquarters
DPA Microphones Spices it up for Grammy-Nominated Brazilian Sound Engineer Gabriel Pinheiro
Christie Solaria Series 2K/4K Projectors ans Christie Vive Audio Power the New Larry H. Miller Megaplex Theaters in Vineyard, Utah
Christie celebrates the opening of its Mexican office

About

Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

Calendar

June 2008
M T W T F S S
« May   Jul »
 1
2345678
9101112131415
16171819202122
23242526272829
30  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication