The Music Group has acquired the TC Group, bringing Behringer, Midas, Klark-Teknik, Turbosound, Tannoy, Lab Gruppen, Lake, TC Electronic, TC Helicon and TC Applied Technologies together under a single banner.

‘Music Group stands for relentless focus on innovation, business transformation and overall IP creation. Since the acquisition of Midas, Klark-Teknik and Turbosound, we have been continuously pursuing brands that complement the mixing console, processing and loudspeaker excellence offered by these historic brands,’ says Music Group founder and CEO Uli Behringer. ‘Throughout our search, TC Group has clearly stood out as the ideal match because of their world-class brands, impressive intellectual property, sterling reputation and first-class team of people. I am very proud to welcome the TC Group team into our family.

‘We will invest heavily in positioning TC Group’s brands at the very pinnacle of the industry, as we have done with Midas, Klark-Teknik and Turbosound, where we have invested over US$100m in highly automated and integrated manufacturing facilities, quality control systems and engineering resources, including a new Centre of Engineering Excellence in Manchester, UK,’ Behringer adds. ‘TC Group will now equally have full access to Music Group’s extensive resources and advanced automated system platforms in such areas as product development and lifecycle management, engineering, manufacturing, supply chain and finance.’

‘Some of the largest industry players were bidding for TC Group,’ says TC Group CEO Anders Fauerskov. ‘However, we have selected Music Group as it represents the perfect fit in terms of strategic direction, overall synergies and company culture.’