Yamaha and Revolabs announced today that the two companies have entered into a definitive agreement in which Yamaha will acquire Revolabs, which will operate as a subsidiary. Yamaha, an audio manufacturer that already offers voice communication and pro audio equipment, will be able to expand its portfolio to include wireless microphone systems and conference phones.
Yamaha Corporation President Takuya Nakata said the acquisition will allow Yamaha to accelerate its goal of increasing sales in its electronics business unit, which was one of the primary goals announced recently in the Yamaha Management Plan 2016.
Revolabs will continue to operate as a wholly-owned subsidiary of Yamaha Corporation and continue working on its own market goals with the existing management team. The transaction is expected to be completed by the end of this month after customary regulatory approvals. Moelis & Company acted as the exclusive financial advisor and Latham & Watkins LLP acted as legal advisor to Revolabs in connection with the transaction.