Marshall, the long-lasting amp producer, is being acquired by Marshall speaker maker Zound


Jimi Hendrix 1967 in Helsinki playing guitar with his teeth, Culture House, colorized photo
Jimi Hendrix with a Marshall amp in 1967. | Picture: JJs / Alamy Inventory Photograph

Marshall Amplification, the 60-year-old firm that’s produced iconic guitar amps utilized by the likes of Jimi Hendrix, Slash, and Kurt Cobain, is being acquired by Zound Industries, the Swedish firm that’s beforehand licensed the Marshall model for its headphones and audio system. Actual monetary phrases of the deal weren’t disclosed, however the ensuing firm would be the privately owned Marshall Group. The Marshall household will function its largest shareholder with a 24 p.c stake.

Jeremy de Maillard, who at the moment serves as Zound’s CEO and who will likely be CEO of Marshall Group going ahead, stated in an interview with The Verge that the deal is as a lot about buying Marshall’s engineering experience as it’s about buying the model identify….

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