With 2009 all but over, Behringer has snuck in with the equivalent of a last gasp goal in injury time for the shock news of the year as it has announced that it has bought Klark Teknik and Midas from Bosch for an, as yet, undisclosed amount.
To add to the intrigue, Behringer has created a new holding company, The Music Group, to oversee the three brands.
With Behringer's history of supplying entry-level products to the pro audio and MI industries, this move is something of a giant leap forward, as the two Kidderminster-based brands are widely acknowledged as world leaders in theatre and live sound consoles and outboard. Midas has been designing and manufacturing live performance analogue and digital audio mixing consoles for the world's most demanding live sound engineers, performers and production rental companies since the early 1970s. Klark Teknik has become a leader in the design and manufacture of touring-grade digital signal processing and recording products. Its products are found in touring sound systems, performing arts centres and high-profile installations worldwide.
In explanation of the sale, Robert Mulatz, the senior vice president of Bosch Communications said in an official statement: "Within the professional audio business of BOSCH, this niche market has not been defined as a core business area due to its size and specific requirements. With the Music Group, we believe we have found both the passion and the financial ability needed to grow Midas and Klark Teknik. Of all potential buyers that were screened, we have selected the Music Group as the best fit.”
Alex Cooper, Midas' director of console engineering said: “For over 20 years I have devoted my life to designing the finest quality audio products possible. It has always been our goal to achieve the very best performance while continuing to broaden our market presence and expand our customer base. I am convinced that working with the Music Group will provide us with advantages that will help us maintain our high standards and grow the business for the long term.”Article continues below
The Music Group plans to retain all 106 employees currently working at Midas and Klark Teknik. The brands will continue to operate independently with, the statement read, 'the added resources of the Music Group'.