Peabody, MA–D&M Holdings is set to acquire speaker maker Boston Acoustics through its subsidiary D&M Holdings US Inc.
D&M Holdings is the owner of Denon, Marantz, McIntosh Laboratory and the D&M Professional, ReplayTV, Rio and Escient brands.
Boston Acoustics designs, manufactures, and markets high performance audio products with its signature Boston Sound. Its product categories are home speakers and audio systems, speakers and electronics for the custom installation market, all weather outdoor speakers, speakers and amplifiers for the automotive after-market and systems for the automotive OEM market. Boston Acoustics also owns the Snell brand of super premium speakers.
The acquisition of Boston Acoustics provides D&M with a premium speaker line and the ability to deliver customers a complete home entertainment solution. D&M branded products include premium A/V receivers, amplifiers and CD players; DVD players, DLP projectors and display plasma monitors; and digital media management systems. The acquisition also gives D&M a strong foothold in the automotive OEM business along with the ability to leverage all five premium brands–Denon, Marantz, McIntosh, Boston Acoustics and Snell–in that business.
D&M is planning to operate Boston Acoustics as a distinct brand but with the benefit of D&Ms sales, technology and cost synergies by leveraging product distribution channels, product development and back-office integration.
Andy Kotsatos, co-founder and chairman of Boston Acoustics, has created an award-winning, innovative company with a strong design and engineering team, said Tatsuo Kabumoto, chief executive officer of D&M Holdings. We will now build upon the success of this outstanding brand. We see significant opportunities to leverage marketing and sales activities. We also expect to find multi-brand opportunities in the automotive OEM business.
The transaction is expected to close by August 31, 2005.
