A 4SquareMedia Website

> Wearable Technology
> Appliances
> Automation
> Automotive
> Buyers Guide
> CEDIA 2010
> Comment
> Content & Downloads
> Digital Photography
> Gaming
> Green Energy
> HD
> Home Cinema
> Home Office
> How Stuff Works
> Installation
> Portable Players
> Media Centres
> Phones
> Real Sound
CD Players & Recorders
Digital Radio
> Reviews
> Smart Awards 2013
> Smart Ideas
> Trio Awards 08
> TVs & Large Display
> Wireless & Networking
> Featured Reviews
> Advertising
> Competitions
> Contact
> Disclaimer
> Signup
> Terms & Conditions
> Subscribe to Newsletter
> Subscribe to Magazine

Top 10 Viewed Articles
  1. Who Has The Best LCD TV: Sony, Toshiba Or Samsung?
  2. FIRST LCD TV REVIEW: LG Scarlet 60 Vs Samsung Series 6
  3. Sony PS4 Not Far Away
  4. The Humble PC Gets A Whopping Makeover
  5. Sony Bravia LCD TVs Vs Samsung LED HD TVs Which is Best?
  6. Toshiba Working With Microsoft On New Entertainment Xbox
  7. Blu-ray Xbox 360 Planned By Microsoft
  8. Massive Failure Rate For Xbox 360 Exposed
  9. Free Sony PS3 Con
  10. How To Build Your Own Digital Media Server: Part I
Top 10 Viewed Reviews
  1. First Review: Samsung Series 7 LED TV
  2. Movies On-The-Go With Teac DVD Boombox
  3. Who Has The Best 32-inch Screen: Panasonic, Samsung, or Sony?
  4. Who Has The Best Home Theatre Kit? Denon vs Bose
  5. Every Bit Of Defence Counts
  6. New Denon Home Theatre Makes Bose Look Like Yesterdays Technology
  7. Best Media Player On The Market
  8. At $1,499 The Aldi Medion 17-inch Notebook Is A Steal
  9. Affordable Noise Cancelling Headphones That Work
  10. B&W 600 Speaker Delivers Real Sound


Onkyo Shareholders Buys Into Teac But Not OZ Operation

By David Richards | Tuesday | 02/04/2013

US Company Gibson Guitars has moved to buy a share of Japanese audio Company Teac whose brand name is used to market a budget range of audio and TV products in Australia.

Teac Australia, who is owned by TT International, claims they have a 20 year license to use the Teac brand name in Australia.

None of the Teac products sold in Australia are designed or made by Teac Japan, the Company that Gibson Guitars has bought into. 

Last year Gibson Guitars acquired a 51% shareholding in Onkyo, a move that could now see the company transition to share resources between the two Japanese companies.

Gibson is buying 157.4 million Teac shares at 31 yen per share, or $51.8 million based on a conversion rate of 94.1 yen to the U.S. dollar.

The transaction, representing Gibson's largest investment to date in another company, was unanimously approved by both companies' boards of directors.

Peter Burnham, the Marketing and Sales Director at Teac Australia, said that he became aware of the deal late last week. "We have a 20 year licence to use the name; I do not know whether the licence is mutually exclusive or whether Teac will start marketing a range of audio gear in Australia. It is an interesting development".

Late last year Gibson Guitars knocked back the opportunity to buy into the struggling Australian-run Billy Hyde retail chain, which was eventually placed into Administration. The US Company, who is looking to expand their operation in the Asia Pacific region, is now believed to be looking at several other opportunities in the region.

Gibson, who purchased a stake in Onkyo USA's parent in 2012, offers pro audio equipment and musical instruments. Teac offers a range of products including pro and consumer audio, broadcast equipment, medical equipment, in-flight entertainment systems and recordable optical discs.

Gibson believes that in several countries, the three companies have an opportunity to work together to reduce costs, Gibson and Teac said in a prepared statement.

Gibson stands to benefit from Teac's technology, and Teac stands to benefit from Gibson's "marketing and distribution strength," said Gibson chairman/CEO Henry Juszkiewicz.

Teac president Yuji Hanabusa said "We can work together to reduce costs and bring benefits to all three parties." Although Hanabusa said he had no concrete examples yet to offer on cost savings, he said the combination of companies "will be a huge benefit to all of us."

In their prepared statement, the companies said Gibson can "leverage Teac's R&D expertise to develop a new pipeline of products for Stanton DJ in the pro audio field, as well as in the [musical instrument] and fretted instruments segments for further product development."

The statement also said the deal will expand "the size and reach" of Gibson's pro audio business with products that both complement and build upon [Gibson's] KRK, Cerwin-Vega!, and Stanton portfolio of world-class studio monitors, sound reinforcement equipment and DJ gear, respectively, "in addition to the premium consumer electronics of strategic partner Onkyo Corporation."

The deal is "yet another step in Gibson's aim to become the largest music and sound business in the world," the statement said.

Print this article
Email this story to a friend
Link this story:
Link this page to delicious Link this page to Digg Link this page to Furlit Link this page to News Vine Link this page to Reddit Link this page to Spurl Link this page to Yahoo My Web RSS this section

New LG 65   New LG 65" Ultra High Definition TV, Complete With Pop Down Speakers: REVIEW
LG Australia has finally rolled out their 65" Ultra High Definition TV offering in Australia and what you get is a TV that delivers a quantum leap in TV technology and surprisingly a significantly improved sound system that is delivered from pop down speakers but the big question is whether it is worth $6,999.
Product Rating 4.5

Westfield To Split   Westfield To Split
Shopping giant to separate ANZ, international operation
Product Rating 0

REVIEW:Note 3 Is The Best There Is In Phablet Smartphones   REVIEW:Note 3 Is The Best There Is In Phablet Smartphones
If you are one of those people who love technology but struggle to manage the hundreds of apps and the endless capabilities that today's smartphones are capable of delivering then the new Samsung Note 3 is not for you.
Product Rating 5

Get the latest news
Subscribe today for your daily news of consumer electronic news...
Get the latest news

reaches over 2 million consumers a year. Contact us today about special deals..

For more information ...

Apr/May 2011 issue

reviews the hot new iPhone attach device, the Zeppelin Air. And we look at what's going on in the tablet space...