Orban acquired by DaySequerra
WORLD: Orban has been purchased by DaySequerra from CRL Inc after a deal was finalised on the 8th July 2016. The move will mean a reorganisation of the Orban business and relocating to the DaySequerra facility in New Jersey.
A transferring of administration, marketing, sales and product development functions will take place over a period of 90 days. A meeting is scheduled later in July for the approval of the acquisition by shareholders of Circuit Research Labs.
C Jayson Brentlinger, the president and CEO of CRL Inc, looks forward to the partnership and the new strengths it will bring. ‘We are really excited about DaySequerra’s acquisition of Orban. With a significant array of technologies, these combined companies will be a formidable force in the marketplace.’
‘Orban has advanced the state-of-the-art in audio processing for broadcast and streaming since 1975,’ Bob Orban added. ‘Over the decades, Orban products have been at the heart of broadcast facilities as well as vital tools for attracting and keeping audiences. Our expert engineering and development team has deep knowledge of Orban’s intellectual property and some members of our team have been with Orban for more than 30 years.
‘I personally look forward to working with DaySequerra,’ Mr Orban noted. ‘Our team will continue to innovate under the new Orban Labs banner and drive leading-edge product development in the years ahead.’
This was echoed by David Day, DaySequerra president, who was confident that the new ownership will bring genuine opportunities for both companies. ‘We look forward to working with Bob’s team and Orban Europe to develop and bring to market the next-generation of intelligent audio processing in the broadcast, consumer and automotive spaces.'