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Yamaha Acquires Line 6
Date:2020/3/5 10:09:29 Hits:
Yamaha and Line 6 have reached an agreement where Yamaha will acquire Line 6. Under the agreement, Yamaha will operate Line 6 as a wholly owned subsidiary, with Line 6’s operations and management team remaining the same as prior to the acquisition.
“I am very happy that Line 6, which has been creating innovative products and creating new market opportunities consistently over its history, will become a member of the Yamaha group. We look forward to accelerating our growth strategy by pursuing the beneficial effects from both companies and by utilizing Line 6’s core brand power centered on guitarists that is so highly regarded worldwide as well as its unique technology, planning and development capabilities,” said Mr. Takuya Nakata, President of Yamaha Corporation.
“For over 30 years of developing products, and even further back to my earliest memories as a developing musician, Yamaha has been the brand for which I have always had the most respect,” said Line 6 co-founder and Chief Strategy Officer Marcus Ryle. “Yamaha has consistently set the standard in our industry for quality and innovation, and I am very proud for Line 6 to now be a part of this incredible legacy.”
“Yamaha’s acquisition of Line 6 will help accelerate the realization of our vision to drive innovation for musicians across the globe,” said Line 6 CEO and President Paul Foeckler. “We’re proud that Yamaha recognizes the innovation and value in our people, IP, and processes, and we’re excited about the opportunities ahead to expand our reach.”
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