The British family-owned company behind Marshall amplifiers is being bought by a Swedish maker of Bluetooth speakers.
Marshall, founded by Jim Marshall in London in the 1960s, is being acquired by Zound Industries to create a new business, called Marshall Group.
Zound, which has been selling Marshall-branded speakers and headphones since 2010, says the deal will create “the most exciting audio tech powerhouse”.
Henri de Bodinat, Chairman of Zound Industries, says: “With this game-changing deal, Marshall Group will become the main challenger in our industry and the most exciting alternative to traditional players, bringing even greater innovation and value to clients, employees, and investors alike.”
De Bodinat will chair the new Marshall Group, while the Marshall Family will be the largest shareholders, owning 24% of the new business.
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