Recording

M-Audio Acquires Evolution Electronics

M-Audio has acquired Evolution Electronics Ltd., a UK-based manufacturer of USB MIDI keyboards and controllers; the acquisition includes all Evolution 8/12/2003 8:00 AM Eastern

M-Audio has acquired Evolution Electronics Ltd., a UK-basedmanufacturer of USB MIDI keyboards and controllers; the acquisitionincludes all Evolution products, software and intellectual propertyrights, along with all other assets and liabilities of the company inexchange for an undisclosed sum.

According to Tim Ryan, CEO of M-Audio, “We are very excitedabout bringing M-Audio and Evolution capabilities together. It is clearto us that this joining of forces will make a sum greater than theparts.”

“We’re honored to join the M-Audio family,” saidEvolution founder Richard Watts, “and are looking forward toextending our reach and vision to a new level.” Watts, who builtthe company during the past 20 years, will continue to be involvedwithin the enlarged group. Niels Larsen is now acting as generalmanager of Evolution.

For more, visit M-Audio at www.m-audio.com.