SSL PURCHASES SYDEC
Advancing its commitment to its workstation users, Solid State Logic purchased Sydec Audio Engineering, developers of the Soundscape range of workstation partner products, bringing significant PC platform development to SSL. According to Sydec's general manager, Erik Wijnen, “This will allow us to work with the SSL team to focus on new ideas for products and expand the team here at Sint-Niklaas in Belgium.”
SSL's managing director, Antony David, said, “We're committed to working with a range of companies to improve and democratize the creative process, and this gives us a great opportunity to accelerate our involvement.”
BOSCH BUYS TELEX GROUP
Telex Communications (Electro-Voice, Dynacord, Midas, Klark Teknik, Telex, RTS) has signed a definitive merger agreement with a wholly owned subsidiary of Robert Bosch GmbH, whereby Bosch will acquire Telex for $420 million. Upon closing of the merger, the surviving company's name will be Telex Communications Holdings Inc., with headquarters remaining in Minneapolis.
“With the acquisition of Telex, Bosch Security Systems can significantly expand its communications systems product offerings and penetrate the professional audio equipment market,” said Bosch Board of Management member Peter J. Marks. “The strength of the Telex distribution network will enhance our worldwide market position as a provider of comprehensive security and communications systems.”