By PSW Staff • December 20, 2013 Yamaha Corporation and Line 6, Inc. have announced a definitive agreement for Yamaha to acquire Line 6, expanding Yamaha’s portfolio of modeling guitar processing products as well as pro audio equipment. Line 6 pioneered the digital modeling guitar amplifier in 1996, and continues to deliver innovative products and technologies, including POD multi-effect processors, digital effects, guitar amplifiers, modeling guitars, a range of professional instrument and microphone digital wireless systems, digital live sound mixers, loudspeakers, and iOS interfaces. Under the terms of the agreement, Yamaha will operate Line 6 as a wholly owned subsidiary to fully realize the compelling opportunities for the two brands with Line 6’s operations continuing as before and its management team remaining in place. “I’m very happy that Line 6, which has been creating innovative products and creating new market opportunities consistently over its history, will become a member of the Yamaha group,” states Takuya Nakata, president of Yamaha Corporation. “We look forward to accelerating our growth strategy by pursuing the beneficial effects from both companies and by utilizing Line 6’s core brand power centered on guitarists that is so highly regarded worldwide as well as its unique technology, planning and development capabilities.” “For over 30 years of developing products, and even further back to my earliest memories as a developing musician, Yamaha has been the brand for which I have always had the most respect,” says Line 6 co-founder and chief strategy officer Marcus Ryle. “Yamaha has consistently set the standard in our industry for quality and innovation, and I am very proud for Line 6 to now be a part of this incredible legacy.” “Yamaha’s acquisition of Line 6 will help accelerate the realization of our vision to drive innovation for musicians across the globe,” says Line 6 CEO and president Paul Foeckler. “We’re proud that Yamaha recognizes the innovation and value in our people, IP and processes and we’re excited about the opportunities ahead to expand our reach” Outline Of Agreement 1. Based on the resolutions adopted by the Line 6 board of directors on December 19 and the Yamaha board of directors on December 20, a definitive agreement has been executed regarding the acquisition of all of the capital stock of Line 6. 2. Yamaha will acquire all of the capital stock of Line 6 owned by the founders, venture funds and employees. 3. The transaction is expected to be completed during January 2014 after receipt of customary regulatory approvals. Wells Fargo Securities, LLC served as financial advisor to Line 6, Inc. and Kirkland & Ellis LLP served as legal advisor to Line 6, Inc. Yamaha Corporation Line 6 Comments Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Tagged with: Business Line 6 Management Manufacturer Personnel Yamaha · all topics Subscribe to Live Sound International Subscribe to Live Sound International magazine. Stay up-to-date, get the latest pro audio news, products and resources each month with Live Sound.