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Music Group acquires TC Group

Daniel Gumble
Music Group acquires TC Group

Music Group has this morning (April 30th) announced the acquisition of TC Group, significantly expanding its MI and pro audio portfolio.

The deal will see Music Group take on the full catalogue of TC Group brands - TC Electronic, TC-Helicon, TC Applied Technologies Tannoy, Lab Gruppen and Lake.

The addition of TC Electronic and TC-Helicon represents a significant boost to Music Group’s MI offering, sitting alongside its Bugera amplifier brand and Behringer prosumer division, while Tannoy, Lab Gruppen and Lake will bolster its pro audio line-up, which comprises Midas, Klark Teknik and Turbosound.

“MUSIC Group stands for relentless focus on innovation, business transformation and overall IP creation. Since the acquisition of Midas, Klark Teknik and Turbosound, we have been continuously pursuing brands that complement the mixing console, processing and loudspeaker excellence offered by these historic brands. Throughout our search, TC Group has clearly stood out as the ideal match because of their world-class brands, impressive intellectual property, sterling reputation and first-class team of people. I am very proud to welcome the TC Group team into our family.
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“We will invest heavily in positioning TC Group’s brands at the very pinnacle of the industry, as we have done with Midas, Klark Teknik and Turbosound, where we have invested over $100 million in highly automated and integrated manufacturing facilities, quality control systems and engineering resources, including a new Center of Engineering Excellence in Manchester, UK.

"TC Group will now equally have full access to Music Group’s extensive resources and advanced automated system platforms in such areas as product development and lifecycle management, engineering, manufacturing, supply chain and finance.”

TC Group CEO, Anders Fauerskov, added: “We are very honored that during the acquisition process, some of the largest industry players were bidding for TC Group; however we have selected MUSIC Group as they represent the perfect fit in terms of strategic direction, overall synergies and company culture. Our team is thrilled to join Music Group and open a new chapter for TC Group and its prestigious brands. With the incredibly talented people and massive resources of the Music Group behind us, the team is excited to enter a new era of unprecedented innovation and growth.”

Tags: acquisition , tannoy , tc electronic , uli behringer , music group , tc group , tc helicon , lab.gruppen , lake , tc applied technologies

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