Zound Industries
Electronics · New York, United States · 201-500 Employees
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Overview
Headquarters
2 W 39th St, New York City, New York, 10...Phone Number
+46 859200500Website
www.zoundindustries.comRevenue
$183.1 MillionIndustry
About Zound Industries
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Private Equity
$11.1M
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Marshall, the iconic amp manufacturer, is being acquired by Marshall speaker maker Zound
Marshall Amplification, the 60-year-old company behind iconic guitar amps, is being acquired by the Zound Industries, the Swedish company that produces Marshall-branded headphones and speakers.Marshall Group is born, bringing together rock’n’roll legend Marshall Amplification and audio phenomenon Zound Industries to pioneer the future of sound and technology.
Deal marks next chapter for the decade long and highly successful partnership. The launch of Marshall Group is announced, bringing together Milton Keynes-headquartered Marshall Amplification (www.marshall.com) and Stockholm-headquartered Zound Industries (www.zoundindustries.com). Since 2010, Zound Industries has been bringing the Marshall brand to a global consumer audience through its range of headphones and wireless speakers sold in over 90 countries. This deal represents the moment that theZound delivered second consecutive year of record-breaking performance
Zound Industries has achieved new highs with a second year in a row of record revenues. Net sales rose 44 percent to SEK 3,102 million with Zound breaking the 3 billion SEK barrier and hitting double-digit profitability with an operating margin of 10.3 percent, equivalent to an operating profit of SEK 319 million. With strong growth across all product categories, channels, markets, and showing profitability in all four quarters, 2022 was Zound’s best year toZound on track for another record year
2022 continues to be a year of growth for Zound Industries. Consolidated net sales for the third quarter amounted to MSEK 744.3 (562.3), an increase of 32 percent compared to the same period last year. In the first nine months of 2022 Zound delivered a total revenue growth of 69 percent with net sales reaching MSEK 2,023.4 while showing record profitability. Zound has a clear ambition to become the biggest and most exciting challenger to
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Frequently Asked Questions Regarding Zound Industries
Founded in 2008, Zound Industries designs develops and markets headphones and speakers. Zound Industries is headquartered in Stockholm, Sweden.... Read More