Deal Brewing in the Consumer Hi-Fi Arena
Big news in the consumer audio-video hi-fi industry: Sound United LLC, one of the portfolio companies of DEI Holdings, Inc., has announced that it has entered into a preliminary letter of intent agreement to acquire Bowers & Wilkins, a respected British hi-fi speaker brand. Bowers & Wilkins or B&W has confirmed the ongoing negotiations to explore a possible combined future. While it is early to speculate, this news is certainly unexpected. Home Theatre and music enthusiasts are all set to get an enhanced audio experience in case the deal goes through.
Sound United owns HEOS multi-room audio technology, something that could be built into B&W Formation range of wireless speakers. The market is increasingly moving towards hardware that supports music playing capabilities across multiple rooms and while B&W is trying to crack this market through its Formation range of speakers, it still has not been able to make a mark. Home theatre enthusiasts across the world can expect a powerful jump in the overall user experience if this deal is consummated.