At the beginning of the year, Masimo “hired the operation of its consumer division sound” with brands such as Denon, Maruntz and Bovers & Wilkins (from the perspective of an accountant), now the company agreed to sell Zwig to Harman International in cash to Harman International. that works From a press release from Masimo Outside. Harman herself has been a subsidiary of Samsung Electronics since 2017. Subject to the required official permit, the transaction must be completed by the end of 2025.
Sound United audio brands are to be added to the existing palette of the Harman Product Range, which already includes JBL and Harman Cardon brands. Dave Rogers, president of Harman’s Lifestyle Division, has been quoted with a statement that the transaction will increase the promise of the price of the company and expand the product range in various audio categories.
It will also be interesting whether Harman creates new sales structures for this. Masimo recently focused all activities in the new office in Endhovan (Netherlands) and also had closed offices in France, Finland, Switzerland and Germany. Along with Rolland Krugar, the manager of the Electronics Product Line left Masimo worldwide on 31 December.
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In the Hard-fight high-Fi market, the brand surf related to the sound United appears for a long time like a rock, such as Denon, Maruntz and Bowers and Wilchers. In November 2024, however, media reports are growing, according to which the sound-oriented mother company Masimo thinks about it to stop the commercial sector, including HeOS, Boston Acostics, Polic Audio and Definition.
The presentation of the financial report in the third quarter of 2024 created an initial disturbance at the beginning of the month. In this, Masimo showed a net loss of $ 12.9 million for the last three months and $ 31.3 million since the beginning of 2024. In the first nine months of 2023, the net loss was still 21.2 million. The result is a strong contrast to the constant positive figures in the field of medical technology.
Brands Denon and Maruntz already have a turbulent journey: in early 2017, US company Sound United, Polyk Audio’s original company, fixed technology and polek boom announced Denon, Hos with Denon, Maruntz and Boston Acostics with their brands. At the end of 2020, the company announced the conclusion of the Bovers and Wilkins (B&W).
In early 2022, surprising news was followed that Sound United was handled by California company Masimo Corporation. The move was very surprised, as there were clearly no initial points between medical technology and high-Fi company.
(NIJ)
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