MUSIC Group has announced the acquisition of TC Group, one of the largest groups
of companies in the professional audio industry. Headquartered in Denmark, and
with offices all over the world, TC Group owns and manages some of the most
acclaimed brands in the industry, such as Tannoy, Lab Gruppen, Lake, TC Electronic,
TC Helicon and TC Applied Technologies.

The addition of Tannoy, Lab Gruppen and Lake allows MUSIC Group to round out
their professional install and touring sound offerings alongside Midas, Klark Teknik
and Turbosound, while TC Electronic and TC Helicon represent the industry’s leading
brands in the guitar effects and voice processing sector, and perfectly complement
MUSIC Group’s Bugera guitar tube amplifier brand and highly successful Behringer
prosumer division.

TC Electronic has also long been established as a leader in broadcast, studio,
mastering and production processing, where it gained ultimate authority in loudness
control and mastering. For decades now, Tannoy’s HiFi products continue to win
‘Best in Class’ awards, and as a result the brand has developed a huge following of
audio enthusiasts around the world.

TC Group’s strong focus on product innovation and IP creation is further
demonstrated by their TC Applied Technologies company, which is invested in
cutting-edge designs, networking and interface technology.

MUSIC Group founder and CEO Uli Behringer commented: “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. 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.’

TC Group’s CEO Anders Fauerskov responded: “We are very honoured that during
the acquisition process, some of the largest industry players were bidding for TC
Group; however we have selected MUSIC Group as they represent the perfect fit in
terms of strategic direction, overall synergies and company culture. Our team is
thrilled to join MUSIC Group and open a new chapter for TC Group and its
prestigious brands. With the incredibly talented people and massive resources of
the MUSIC Group behind us, the team is excited to enter a new era of
unprecedented innovation and growth.’