Bose Corporation has announced that its Professional division has been sold to market private equity firm, Transom Capital Group, assuming ownership of the Bose Professional commercial installation and conferencing business.
Despite the sale, Bose will keep its portable PA system as part of
its core consumer product business. Financial details and other terms of the transaction will
remain confidential.
Lila Snyder, CEO, Bose Corporation, commented: “We’re proud of what Bose
Professional has accomplished – its legacy in the professional AV market and the diverse
list of amazing installations it has completed all over the globe.
“The sale to
Transom will provide Bose Professional the additional attention it needs to support the professional
audio customer, and to continue to develop products and technologies that stand out
in the industry. It will also allow Bose to focus more deeply on our
core business – creating amazing audio experiences for on-the-go, at home and in the car.”