Bose announced that it is buying historic amplifier and speaker brand McIntosh Group from its private equity owners for undisclosed terms. McIntosh Group also includes high-end speaker brand Sonus Faber. This acquisition is about three things:
1. McIntosh gives Bose entry into luxury brands/opportunities, especially for its already successful automotive audio business
2. High-end audio is a difficult standalone business; there has been relentless consolidation throughout the industry, and McIntosh's owners were likely looking for an exit.
3. Bose tech enables McIntosh to get into mobile / personal products. I would expect to see a McIntosh headphones announcement, or possibly IEMs (in-ear monitors) in the next 18 – 24 months as a result.
Here's the press release: https://www.bose.com/pressroom/bose-acquires-mcintosh-group-announcement
