By PSW Staff • December 8, 2009 Left to right: director of console development Alex Cooper; managing director John Oakley; sales and marketing director David Cooper Midas and Klark Teknik, business lines within Bosch Communications Systems, today (12/8/09) announce that the Music Group has been selected as their new long term investment partners. The Music Group owns the Behringer brand as well as a number of other associated companies and is managed by Uli Behringer and Michael Deeb. The sale of Midas and Klark Teknik is part of an asset deal and an agreement to this effect has been signed. The sale is subject to regulatory approval. Acquisition price and terms have not been disclosed. Currently 106 associates work for Midas and Klark Teknik. All of them will be transferred to the Music Group. The Midas and Klark Teknik brands will be continued. Robert Mulatz, Senior Vice President of Bosch Communications Systems, states, “Midas and Klark Teknik have always epitomized the highest possible performance and reliability in the mixing console and signal processing markets. Within the professional audio business of Bosch this niche market has not been defined as a core business area due to its size and specific requirements. “We believe that in the Music Group we have found both the passion and the financial ability needed to grow Midas and Klark Teknik. Among all potential buyers that have been screened, we have selected the Music Group as the best fit.” Uli Behringer, Chairman of the Music Group, comments, “I am thrilled and honored to join with John Oakley and his team in taking these legendary brands forward. I have immense respect for the dedication to quality, performance and customer service that this team has shown consistently over the years. “While we plan to invest considerable resources and support to these brands, we also look forward to learning from the achievements of their engineers and working with them to get Behringer to a new level.” Music Group CEO Michael Deeb adds, “Midas and Klark Teknik are at the very pinnacle of their market segment. They address a very unique client base and fulfilment requirement and have a very different sales channel from our current core business. They will continue to operate autonomously under the leadership of John Oakley. ” However, Midas and Klark Teknik will have full access to the group’s extensive resources and advanced automated system platforms in areas such as product development and lifecycle management, supply chain, logistics, decision support and finance. The final word comes from Alex Cooper, Midas Director of Console Engineering, who said: “For over 20 years I have devoted my life to designing the finest quality audio products possible. It has always been a challenge to achieve the very best performance at a price that the market can afford. The temptation is to cut corners, but that has never been, and will never be the Midas way. “I am convinced that working with the Music Group will provide us with advantages that will help us maintain our high standards for the long term.” Midas Website Klark Teknik Website The Music Group Website Comments Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Brent Handy says This is a very sad day. Wallace Flores says Actually, I think they will have a greater chance to thrive here. More so than they had with Bosch. It’s not like Midas-KT will begin building Behringer product or vice-versa. From a portfolio standpoint, what would be the benefit to combine these two brands? What they (The Music Group) are missing is a speaker company. At least the compsny that now owns them understands pro audio, unlike Bosch in the past. They do power tools well. Not so much the pro audio. It should be interesting to see what happens with Telex in the next few years. That was the carrot Bosch was looking for 3 years ago. Mark says Though Bosch doesn’t seem like a pro-audio company, their audio branch was strong. Electro-voice, Midas, KT, and Dynacord is a pretty good lineup. I think KT and Midas having access to Behringer’s “resources” doesn’t seem like that great a step. Jonathan says I think this is exciting and I agree with Wallace above. After all Bosch didn’t do anything for Midas and Klark Teknik. Bosch has no interest in high-end audio. I believe this is a great opportunity for Midas to get the money from Behringer needed for new developments. I know Uli loves music and he always had a dream to get into high-end audio. Behringer can learn much from the world-class engineering of Midas. And yes they now need a real good speaker brand and then they’re pretty complete. I am quite positive actually - let’s see what happens. Andy Zimmer says Midas gets access to Uri’s ‘resources’? Surely the folks at Midas have their *own* photocopiers, no? Martin Hartley says XL8 for xmas http://www.walmart.com/search/search-ng.do?search_constraint=4171&ic=48_0&search_query=Behringer Division: Toys Tagged with: Business Klark Teknik Manufacturer Midas Music Group · 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.