Moderators Amy Posted August 16, 2006 Moderators Share Posted August 16, 2006 Released yesterday afternoon: Klipsch Group, Inc. Acquires Audio Products International INDIANAPOLIS, August 15 2006 Klipsch Group, Inc., parent company of Klipsch Audio Technologies, announced today the acquisition of Audio Products International Corp., (API), one of the largest speaker manufacturers in the world and makers of the Mirage®, Energy® and Athena® Technologies brands. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> The acquisition of API will assist Klipsch in our commitment to greatly improve business operations on a global level, said <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Fred Klipsch, chairman, Klipsch Group. This purchase is another step in our strategic plan of adding unique and successful loudspeaker companies to our portfolio of products. Klipsch Group is the parent company of Klipsch Audio Technologies, Jamo International and API Brand, with the companies remaining independently operated entities. The product design and engineering of the API brands will also remain separate to maintain their respective unique character and personality. Nonetheless, the Klipsch, Jamo and API brand teams will work in a cooperative fashion to develop global technology platforms and product strategies that leverage investments in R&D insuring the Klipsch group of brands stay on the cutting-edge of product, technology and brand development. API is world renowned for product design, particularly as it relates to speaker size, mobility and performance, added Klipsch. The move allows us to enhance the way we develop innovative products and solutions that bring added-value offerings to all of our customers in the audio products industry. The acquisition of API will also allow Klipsch Group to expand its vision of offering and producing no-compromise, premium-quality audio products to multiple markets worldwide. As one of the first U.S. loudspeaker companies, Klipsch has continued to be the high-performance brand of choice for audiophiles and home theater aficionados around the world and this will only strengthen that relationship. In addition, each of the Klipsch Group brands will be featured at CEDIA EXPO 2006, held in Denver, CO September 13-17. About API Founded in 1973 and headquartered in Toronto, Canada, Audio Products International Corp. (API) is one of the top manufacturers of high-performance loudspeakers in the world. API manufactures over 200-models of speakers and exports to over 50 countries under the companys three world-renowned brands: Energy Speaker Systems, Mirage and Athena Technologies. In 2006 API is entering the professional market with the launch of its Energy Pro division. The API headquarters includes a state-of-the-art research and design facility. Lead by Ian Paisley, APIs VP of Engineering and world renowned acoustic researcher, API was a pioneering member of the CanadianNationalResearchCenters studies to determine the design characteristics of a great sounding loudspeaker. APIs continued psycho-acoustic research along with their three anechoic test chambers, maintain the highest levels of engineering excellence and product performance. About Klipsch Group, Inc. Headquartered in Indianapolis, Klipsch Group, Inc. oversees the strategic direction and overall business operations of its five wholly-owned divisionsKlipsch Audio Technologies and Jamo International, as well as Klipsch Group Americas, Klipsch Group Europe and Klipsch Group Asia Pacific distribution management companies. Klipsch Audio Technologies is a leading global manufacturer of high-performance, horn-loaded loudspeakers for the consumer and professional markets with worldwide headquarters in Indianapolis. Jamo International, headquartered in Glynore, Denmark, manufactures and markets consumer loudspeakers with a strong focus on innovative technology and Danish design. The three distribution management companies are charged with selling Klipsch, Jamo and now API branded products in their respective geographies. Klipsch Group Americas, responsible for North, South and Central America, is located in Indianapolis. Klipsch Group Europe and Klipsch Group Asia Pacific are managed out of Copenhagen with a subsidiary being planned for Asia. For more information, please visit www.klipsch.com. Quote Link to comment Share on other sites More sharing options...
ZAKO Posted August 16, 2006 Share Posted August 16, 2006 Congratulations......API today ...Tomorrow the world.....PWK would be proud. Quote Link to comment Share on other sites More sharing options...
el jopez Posted August 16, 2006 Share Posted August 16, 2006 No kidding. Soon the world will all know through subliminal messaging that their is no other speaker than Klipsch. Global domination is nigh. Quote Link to comment Share on other sites More sharing options...
Jay481985 Posted August 16, 2006 Share Posted August 16, 2006 I await until the day Klipsch buys bose and dismantles it! Quote Link to comment Share on other sites More sharing options...
Big Piney Posted August 16, 2006 Share Posted August 16, 2006 I await until the day Klipsch buys bose and dismantles it! That would be akin to solving the global warming issue. Carry on! Quote Link to comment Share on other sites More sharing options...
Big Piney Posted August 16, 2006 Share Posted August 16, 2006 Oh, congratulations to Klipsch on the aquisition. That old shed of PWK is gonna get mighty crowded now. Quote Link to comment Share on other sites More sharing options...
jacksonbart Posted August 16, 2006 Share Posted August 16, 2006 Business must be good to swing that buyout, you should ask for a raise. Quote Link to comment Share on other sites More sharing options...
fini Posted August 16, 2006 Share Posted August 16, 2006 It was their 3 anechoic chambers, wasn't it? Quote Link to comment Share on other sites More sharing options...
Moderators Amy Posted August 16, 2006 Author Moderators Share Posted August 16, 2006 [] We did make the Indy Star business section today... clever use of words for the headline and first sentence [:^)] Quote Link to comment Share on other sites More sharing options...
colterphoto1 Posted August 16, 2006 Share Posted August 16, 2006 "Klipsch Group is the top seller of standalone home loudspeakers in the United States" Are we, really? I did not know that- very cool. Congrats to Klipsch on the acquisition! Michael Quote Link to comment Share on other sites More sharing options...
colterphoto1 Posted August 16, 2006 Share Posted August 16, 2006 website link to API http://www.audioprods.com/ Quote Link to comment Share on other sites More sharing options...
fini Posted August 16, 2006 Share Posted August 16, 2006 Hey, when does Klipsch go public, so we can all be shareholders?? Quote Link to comment Share on other sites More sharing options...
Moderators dtel Posted August 16, 2006 Moderators Share Posted August 16, 2006 Congratulations Klipsch It's always nice to see a company you like moving forward. I had looked at couple of those brands when I bought my first Klipsch. Now it looks like I was headed in the right direction anyway. I hope it turns out to be a very good deal for Klipsch, to help keep the Heritage line alive, or growing. Quote Link to comment Share on other sites More sharing options...
Zen Traveler Posted August 16, 2006 Share Posted August 16, 2006 Way to go and CONGRATULATIONS! [<)] I sincerely hope this helps distribution in my neck of the woods. [H] Quote Link to comment Share on other sites More sharing options...
formica Posted August 16, 2006 Share Posted August 16, 2006 HEY!!! .... API was one of ours.... [] .... hopefully this means improved canadian distribution and we'll be able to buy replacement parts here? BTW, CNRC's psycho-acoustic research is very interesting stuff... Quote Link to comment Share on other sites More sharing options...
oldbuckster Posted August 16, 2006 Share Posted August 16, 2006 Not bad for a Company whose Marketing Department didn't know what it was doing a couple of months ago...........Remember those posts guys?.......Good Job ............the Madness is about to spread................. Quote Link to comment Share on other sites More sharing options...
customsteve01 Posted August 16, 2006 Share Posted August 16, 2006 Congrats, very interesting news Steve Quote Link to comment Share on other sites More sharing options...
Daddy Dee Posted August 16, 2006 Share Posted August 16, 2006 congrats, big time. Quote Link to comment Share on other sites More sharing options...
johnyholiday Posted August 16, 2006 Share Posted August 16, 2006 Hey, when does Klipsch go public, so we can all be shareholders?? When the synergy is right,an the IPO market is soaring,they will make a load of cash ,these venture capitalist are shrewd,right now it makes sence to keep some companys private, more earnings profit, held privately, than publicly Quote Link to comment Share on other sites More sharing options...
kev313 Posted August 16, 2006 Share Posted August 16, 2006 Maybe you guys can force API to make the Jubilee [A] Quote Link to comment Share on other sites More sharing options...
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