The Music Group, a holding company for pro audio and music products brands (including Behringer), has inked a deal to acquire the Kidderminster, UK-based Midas and Klark Teknik brands from Bosch Communications Systems.
The KT and Midas brands “will continue to operate autonomously under the leadership of John Oakley while benefiting from the synergies of our combined efforts,” says Music Group CEO Michael Deeb. In addition, Midas and Klark Teknik distribution remains unchanged.
The asset deal was signed on December 8, 2009. The sale is subject to regulatory approval, with the deal scheduled to be completed by January 31, 2010