High-end UK audio equipment maker Bowers & Wilkins has been bought out by a California “smart home” tech firm, EVA Automation.
Fomer Bowers & Wilkins owner Joe Atkins will continue as CEO of the joint venture, with EVA Automation founder Gordon Yu acting as executive chairman.
The two companies said the merger will combine EVA’s AV technologies and Bowers & Wilkins’ acoustic engineering talents to grow the now-combined firm.
Terms of the deal were not disclosed, and it is expected that the Bowers & Wilkins brand name will continue.
