Although completion of this merger is still subject to US regulatory approvals and other customary closing conditions, it will give Fender a very strong foothold in the music technology space, leaving the company with a very impressive roster of products.
“We are thrilled to welcome everyone on the PreSonus team to the FMIC family and excited about the future growth opportunities available to both companies.” – Andy Mooney, CEO Fender Musical Instruments Corp.
“After more than 25 years PreSonus feels it has found the right partner to support us as we continue our growth. We look forward to showing our current and future music community what this opportunity means for them.” – Jim Odom, Founder/CSO PreSonus
“I would like to extend our utmost gratitude to our loyal Baton Rouge and Louisiana community that have supported PreSonus for the last two decades. It has been wonderful being a part of this incredible journey with PreSonus. I’m excited to see what the future holds going forward.” – Kevin Couhig, Chairman of PreSonus
“PreSonus and Fender’s combined vision, the way we see the future of music creation, and the fundamental alignment of goals has made this an exciting idea since the first conversation.” – Jim Boitnott, CEO PreSonus.
Comparisons will inevitably be drawn with Gibson’s multiple music technology acquisitions, made around 10 years ago. These included Tascam, Stanton, KRK and Cakewalk, all of which are now under different ownership. Let’s see where this aqusition takes things when/if it is finalised. It will hopefully make for some interesting technology.