Klipsch Acquires Audio Products International
Klipsch Group, Inc., the parent company of Klipsch Audio Technologies and International, acquired loudspeaker manufacturer Audio Products International Corp., (API), last week. API produces the Mirage, Energy and Athena Technologies brands.
“The acquisition of API will assist Klipsch in our commitment to greatly improve business operations on a global level,” said Klipsch Group Chairman Fred Klipsch. “This purchase is another step in our strategic plan of adding unique and successful loudspeaker companies to our portfolio of products.”
API, like previous Klipsch acquisition Jamo, remains an independently operated entity, with its own design and engineering teams. But the various companies, said Klipsch, “will work in a cooperative fashion to develop global technology platforms and product strategies that leverage investments in R&D, ensuring the Klipsch group of brands stay on the cutting-edge of product, technology and brand development.”
“API is world renowned for product design, particularly as it relates to speaker size, mobility and performance,” said Klipsch. “The move allows us to enhance the way we develop innovative products and solutions that bring added-value offerings to all of our customers in the audio products industry.”