Shure has acquired California-based Midas Technology, Inc., also known as Stem Audio, which specializes 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 expand and diversify its solution offering for organizations of all sizes, while Stem Audio will be able to take advantage of Shure’s global infrastructure and support capabilities.
“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,” Chris Schyvinck, President and CEO, Shure, said. “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 organizations.”
Shure and Stem Audio will continue to operate separately as integration plans for sales and support are finalized. 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, including stemaudio.com in the US market.
This acquisition also includes Midas’ Phoenix Audio Technologies brand.
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