Klipsch Audio of the US has acquired Danish JAMO

Indianapolis (IN) based Klipsch Audio has acquired the Danish speaker company Jamo, which will become a wholly owned subsidiary of Klipsch. Its name will be changed into JAMO International Aps. The two companies will operate separately. JAMO has a long standing reputation for technology and design and is well represented and distributed, notably in China and other parts of Asia. Founded in 1946, Klipsch is one of the biggest speaker makers in America. The company has, amongst others, equipped more than 100 Hard Rock Cafes in 36 countries and thousands of movie theatres in the U.S.A. It is present in the segment of high-end amplifiers, preamps, processors and other electronics and accessories since its purchase of Mondial Design in 2001. This division operates under the Aragon brand name.

Klipsch’s purchase of European Jamo may signal a move in the Hi-Fi and AV markets, since companies wishing to reach global status will have to increase their market shares through the purchase of other brands and share R&D costs. "We acquired Jamo as part of our strategy to accelerate global growth with multiple brands," said Fred Klipsch, chairman of the board of directors and CEO of Klipsch Audio, Inc. "We will maximize our resources and buying power to benefit both Klipsch and Jamo. We are pleased to have such a quality, Danish brand as part of our family of products."

Paul Jacobs, president of Klipsch Audio Technologies, will also serve as president of Jamo International Aps. Product development and design will be completely separate to maintain the distinctive character of both brands. Jamo headquarters will remain in Glyngøre, Denmark.

About Jamo International Aps
Based in Glyngøre, Denmark, Jamo designs, manufactures and markets a range of high-quality consumer speakers, electronics, control systems and accessories for retail and residential contracting distribution channels. Jamo was founded in 1968 with a focus on innovative technology and Danish design. Today, the Jamo brand is highly regarded and its products are sold in more than 80 countries. Jamo's mission is to create sound solutions that make a difference. Jamo International Aps is a wholly owned subsidiary of Klipsch Audio, Inc.

About Klipsch Audio, Inc.
Chairman Fred Klipsch and Vice Chairman Judy Klipsch have owned Klipsch Audio, Inc. since 1989. Wholly owned subsidiary Klipsch Audio Technologies, a family business founded in 1946, today is a leading global manufacturer of high-performance loudspeakers and other entertainment products for consumer and professional markets. Klipsch is privately held with worldwide headquarters and Audio Engineering and Technology Center in Indianapolis, manufacturing facilities and distribution center in Hope, Arkansas, distribution center in Fullerton, Calif., and wholly owned subsidiary Klipsch Europe BV in the Netherlands. The company and its employees are committed to developing products that create the most engaging, emotional and dynamic entertainment experiences.
http://www.klipsch.com http://www.jamo.com