Fender Musical Instruments Corporation signs definitive agreement to acquire Presonus Audio Electronics, Inc.
“We are delighted to welcome all members of the PreSonus team to the FMIC family and excited about the future growth opportunities available to both companies,” said Andy mooney, CEO of Fender Musical Instruments Corp. “Our teams share the same passion for music, the same commitment to innovation and the same desire to inspire and equip current and future generations of artists”
“I would like to express our gratitude to our faithful Red Stick and Louisiana community who have supported PreSonus over the past two decades, ”said Kevin Couhig, President of PreSonus. “It has been wonderful to be a part of this amazing journey with PreSonus. I am delighted to see what the future holds. “
“After more than 25 years, PreSonus feels it has found the right partner to support us as we continue to grow,” said Jim odom, Founder / CSO PreSonus. “We look forward to showing our current and future music community what this opportunity means to them.”
“The combined vision of PreSonus and Fender, the way we see the future of music making and the fundamental alignment of goals have made it an exciting idea since the first conversation,” said Jim Boitnott, CEO of PreSonus.
For more than 75 years, Fender has been committed to creating tools to help artists. With every technological advancement, the way people create and record music is constantly evolving. While most guitarists and bassists still plug into amplifiers, many also plug their instruments into interfaces, using virtual amps and effects to create their sounds. Gamers of all skill levels are spending more time online than ever before and using a variety of products and technologies to learn, train, play and play, record and share. This modern workflow has expanded the traditional signal chain to include the capture and distribution of creative content around the world. Fender envisions an ecosystem that seamlessly integrates hardware and software to create an effortless end-to-end experience for customers at all levels of their creative journey, and partnering with PreSonus makes that possible.
Founded in 1995 by Jim odom and Brian smith, PreSonus designs innovative audio products that deliver professional sound quality and functionality without sacrificing affordability. Throughout its history, PreSonus has designed innovative tools for musicians, content creators, producers and sound engineers. Today, PreSonus is a leading designer and manufacturer of live audio and recording hardware and software solutions that solve real-world problems for true creatives.
- Completion of this merger is subject to US regulatory approvals and other customary closing conditions. Currently, FMIC and PreSonus will continue to operate as separate entities.
- Gibson, Dunn & Crutcher LLP acted as legal counsel to Fender Musical Instruments Corporation.
- Presonus was advised by Robert W. Baird & Co. and legal advice was provided by Butler Snow LLP.
For technical specifications, additional information on new Fender products, and to find a business partner near you, visit www.fender.com. Join the conversation on social media by following @Fender.
ABOUT FENDER MUSICAL INSTRUMENTS CORPORATION:
Since 1946, Fender has revolutionized music and culture as one of the world’s leading manufacturers, distributors and distributors of musical instruments. Fender Musical Instruments Corporation (FMIC) whose portfolio of owned and licensed brands includes Fender®, Squier®, Gretsch® guitars, Jackson®, EVH®, Charvel® and Bigsby® follows a player-centric approach to creating the highest quality instruments and digital experiences across all genres. Since 2015, the digital arm of Fender has introduced a new ecosystem of products and interactive experiences to support players at every stage of their musical journey. This includes innovative apps and learning platforms designed to complement Fender guitars, amplifiers, stompboxes, accessories and professional audio gear and inspire players through an immersive music experience. FMIC is dedicated to unleashing the power of musical expression for all players, from beginners to historical legends. In 2021, Fender celebrates 75 years of giving artists “wings to fly”, pursuing the vision of its founder, Lion mudguard, and connect players through a shared love of music.
ABOUT PRESONUS AUDIO ELECTRONICS, INC.
Founded in 1995, PreSonus creates innovative tools for musicians, content creators, producers and sound engineers. Today the Baton Rouge, Louisiana, the company is a leading designer and manufacturer of live audio and recording hardware and software solutions that solve real-world problems for creatives. Wherever the sound takes you, PreSonus is here to help.
FENDER (standard and in stylized form) are trademarks of Fender Musical Instruments Corporation and / or its subsidiaries, registered in the United States and other countries.
All other product and company names may be trademarks of their respective owners. Their use does not imply any affiliation or endorsement by or of them.
SOURCE Fender Musical Instruments