Sound United, the paren’t company of US Hi-Fi brands Polk and Definitive Technology, have acquired the D+M Grouip, home of Denon, HEOS and Marantz.Terms of the sale have not been disclosed.
Sound United is the largest supplier of loudspeakers in North America, but it’s brands have had limited success in the UK and Europe. The combined company will be known as Sound United.
Kevin Duffy, CEO of Sound United, will serve as CEO of the combined company moving forward. “Sound United and the D+M Group employees share a culture of innovation and customer focus. We plan to leverage those core values in the combined company in order to offer consumers and our channel partners a breadth of complementary products while expanding our investments in technology development and marketing,” said Duffy. “We welcome the addition of the D+M team and are excited to work together to ensure that this strategic combination capitalizes on its global leadership position while also ensuring that each of our individual brands continues to be highly differentiated in the marketplace. Our existing customers and channel partners will benefit from the enhanced breadth and depth of the combined product portfolio, while our strategic suppliers should be well-positioned to expand with us as we grow.”
D+M Group CEO Jim Caudill will continue as an advisor to the consolidated company. He comments: “By joining Sound United, we expect to deliver tremendous value to our customers through access to Sound United’s aspirational speaker brands including Polk Audio and Definitive Technology. We believe that this transaction will drive compelling opportunities for our employees, customers, and suppliers, and are looking forward to ensuring the success of the new organization.”