Masimo Corporation (NASDAQ: MASI) has reported entry into a definitive agreement to acquire Sound United, LLC. Sound United is an innovator of premium, high performance audio products for consumers worldwide. Sound United operated the following brands: Bowers & Wilkins, Denon, Polk Audio, Marantz, Definitive Technology, Classé, and Boston Acoustics. “I have long been a fan (and proud owner) of Sound United’s iconic brands and am honored to steward them through the next generation of technological evolution,” Masimo Founder, Chair & CEO Joe Kiani commented. “Masimo shares Sound United’s commitment to providing innovative, best-in-class products and experiences, with a relentless focus on improving the consumer experience.”
Masimo will leverage Sound United’s expertise in consumer channels to push distribution of Masimo’s expanding portfolio of consumer products. “We’re excited about this transaction and see significant potential in combining our expertise in consumer electronics and audio engineering with Masimo’s strengths in healthcare and monitoring,” said Kevin Duffy, CEO of Sound United. “With our track record of industry-first innovation, best-in-class products, and a global distribution network, we are the ideal partner for Masimo to transform the consumer healthcare experience. I look forward to working with the Masimo team to enrich the lives of consumers.”
This transaction is expected to close towards the middle of 2022, subject to certain regulatory approvals and customary closing conditions.