MSE Audio acquires Soundsphere
Published: MEA
WORLD: MSE Audio, the parent company of SoundTube Entertainment, has acquired Soundsphere a manufacturer of omnidirectional speakers and speaker systems in an all-cash transaction. David Wiener Ventures (DWV) was chosen to orchestrate the acquisition.
‘This acquisition broadens MSE’s commercial speaker solutions, and provides a nice complement to the products offered by SoundTube and MSE’s other lines,’ said Duke Ducoff, MSE Audio VP of sales. ‘We plan to capitalise on the synergies with these other lines to increase visibility, sales and profitability for Soundsphere.’
The acquisition is effective immediately. Former Soundsphere owner Peter Hamilton will remain on-board as a consultant.
In terms of the acquisition, all parties are full of praise for the way DWV helped the transaction progress.
‘The integration of Soundsphere into MSE’s existing infrastructure will provide even greater sales and marketing opportunities along with immediate benefits for distribution, delivery and support,’ said DWV chairman David Wiener. ‘This is a true win-win for both parties, and the result will be a more powerful position and future for parent company MSE and the Soundsphere brand. DWV is proud of our two deals for MSE in the past six months.’
‘David Wiener did an amazing job, managing the entire process for both our company and MSE,’ stated Soundsphere general manager Pete Hamilton. ‘From early stage due diligence, planning and negotiations, to bringing both parties together in a positive and productive way, all in an unusually short period of time. What David and DWV did was truly impressive.’
‘David has helped us grow our business in a variety of ways, most recently with two successful acquisitions,’ added MSE CEO Chris Combest. ‘I am very pleased with the management and coordination DWV provides, not to mention the added value that makes these deals work.’