In a major move that’s sure to reverberate through the entire AV industry, Sound United has entered a “term sheet” agreement to acquire Onkyo Home Audio. If the deal goes through, that brings Onkyo, Integra, Pioneer and Pioneer Elite brands under the same roof as Denon, Polk Audio, Marantz, Definitive technology, HEOS, Classé and Boston Acoustics.
This preliminary agreement sets the stage for negotiations to close the deal. If it goes down, current Sound United CEO Kevin Duffy will be the CEO of the whole operation.
“We are thrilled by the opportunity to add the venerable Onkyo and Pioneer brands to our portfolio. Sound United is one of the leading dedicated providers of premium audio/video products, and we believe the combined businesses will bring unrivaled innovation and sound performance to our consumers and channel partners,” said Kevin Duffy. “Upon completion of the transaction, we will work tirelessly with the consumer audio division
Original URL: https://www.avsforum.com/sound-united-enters-agreement-acquire-onkyo-home-audio/