Shure has acquired California-based Midas Technology, also known as Stem Audio, which specialises in providing a suite of products including table, ceiling and wall microphones as well as loudspeakers, control interfaces and hubs.
With the acquisition of Stem Audio, Shure will be able to further expand and diversify its product offering for organisations of
all sizes, while Stem Audio will benefit from the robust global infrastructure and support capabilities that Shure provides.
“We both believe
in ecosystems. Working together, we aim to provide customers with better options to deploy great audio in more spaces, more cost effectively,
and more quickly,” said Chris Schyvnick, president and CEO, Shure. “Shure and Stem Audio understand the importance of good quality audio and
taking care of customers, so this acquisition is a great fit for both organisations.”
“We’re thrilled to be joining a company
with an unrivalled pedigree and history in manufacturing audio products,” said Jacob Marash, CEO and Founder, Stem Audio. “Shure’s scale and global
reach will help make Stem Audio products more available to customers, providing improved value, quality and support.”
Shure and Stem Audio will
continue to operate separately as integration plans for sales and support are finalised. Future plans for the respective product portfolios will
be shared later. In the meantime, customers will continue to buy and receive support for Stem Audio products from Stem Audio’s current channels.