Yamaha Corporation has snapped up voice communication and audio product manufacturer Revolabs as it eyes up a growing market in conference room equipment.
The companies will share product lines, technology, expertise, and sales networks with Revolabs continuing as a wholly-owned subsidiary of Yamaha Corporation.
“We will have our own board, the team will stay in place and the brand will continue as it it,” Jean-Pierre Carney, CEO and founder of Revolabs told InAVate.
Revolabs has built up strong recognition in the conferencing marketplace, an area where Yamaha has released a some products but, according to Carney, “has never really gone after”.
Carney said much of the specific strategy had yet to be decided and noted that currently there were no plans for consolidation. He added that he was excited about the prospect of the two companies sharing technologies and taking advantage of each others sales channels.
“[Yamaha] has some great technologies that they’re using in their products, some of which are not necessarily focused on the conference market. Some of those may end up in products under the Revolabs brand name and selling through our channels,” said Carney.
“Particularly in the US and UK, [Yamaha] is not strong in the conference space and Revolabs is. On the other hand Yamaha has a very strong presence in the APAC region compared to us.”
Takuya Nakata, president of Yamaha Corporation, issued a prepared statement that said he believed Revolabs’ ethos meshed well with the Yamaha Group's corporate philosophy.
“By combining Revolabs' wireless microphone systems and wireless conference phones with Yamaha's voice communication devices and professional audio equipment, we expect to be able to create even more appealing solutions for our customers,” he said.
“In the future we aim to accelerate our progress in expanding sales in the electronics business domain, one of the goals announced in the Yamaha Management Plan 2016, our medium-term management plan, by combining the technology and know-how of both companies."