Yamaha Looks To Acquire Nexo Outright
Yamaha is in talks with the founders of Nexo S.A. – the French loudspeaker concern – to acquire the company. Yamaha has a 10% interest in Nexo, which it purchased three years ago this month as part of a strategic alliance between the companies.
According to a statement from Yamaha, the company “decided to take steps toward making Nexo a wholly owned subsidiary of the Yamaha Group by offering to acquire the shares of the founders and, thereafter, launching a tender offer to acquire the remainder of NEXO’s shares on the market.”
If the offer is accepted, Yamaha plans to continue developing the Nexo brand and create a synergy between the companies, combining technologies from each to provide more integrated solutions for each entity’s product lines.