Indianapolis, IN–Klipsch Group Inc., the parent company of Klipsch Audio Technologies, has completed the acquisition of Canadian speaker manufacturer, Audio Products International Corporation (API), makers of the Mirage, Energy, and Athena Technologies brands.
“The acquisition of API will assist Klipsch in our commitment to greatly improve business operations on a global level,” said Fred Klipsch, chairman, Klipsch Group. “This purchase is another step in our strategic plan of adding unique and successful loudspeaker companies to our portfolio of products.”
Klipsch Group is the parent company of Klipsch Audio Technologies, Jamo International, and API Brand, with companies remaining independently operated entities. The product design and engineering of the API brands will also remain separate to maintain their respective unique character and personality. Nonetheless, the Klipsch, Jamo, and API brand teams will work in a cooperative fashion to develop global technology platforms and product strategies that leverage investments in R&D ensuring the Klipsch group of brands stay on the cutting-edge of product, technology, and brand development.
“API is world renowned for product design, particularly as it relates to speaker size, mobility and performance,” Klipsch added. “The move allows us to enhance the way we develop innovative products and solutions that bring added-value offerings to all of our customers in the audio products industry.”
For more information, visit www.klipsch.com.