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Japan's D&M Holdings to Acquire Boston Acoustics for $76 Million

Authored by Mark Hefflinger on June 10, 2005 - 9:59am.
Peabody, Mass. -- Boston Acoustics, a Massachusetts-based maker of high-performance audio systems, has agreed to be acquired by Tokyo-based D&M Holdings, an electronic entertainment technology company, for about $76 million in cash. D&M said that the acquisition of Boston Acoustics provides it with a premium speaker line and the ability to deliver customers a complete home entertainment technology. The acquisition also gives D&M a strong foothold in the automotive equipment manufacturing business. D&M's branded products include A/V receivers, amplifiers and CD players; DVD players, DLP projectors and display plasma monitors; and digital media management systems.
http://biz.yahoo.com/prnews/050608/cgw057.html
http://www.dm-holdings.com
http://www.bostonacoustics.com

tags: Japan | D&M Holdings | Boston |



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