Yamaha and Line 6 have announced a definitive agreement for Yamaha to acquire Line 6.
Under the terms of the agreement, Yamaha will operate Line 6 as a wholly owned subsidiary with Line 6’s operations continuing as before and its management team remaining in place.
“I am very happy that Line 6, which has been creating innovative products and creating new market opportunities consistently over its history, will become a member of the Yamaha group. We look forward to accelerating our growth strategy by pursuing the beneficial effects from both companies and by utilising Line 6’s core brand power centered on guitarists that is so highly regarded worldwide as well as its unique technology, planning and development capabilities,” said Takuya Nakata, president of Yamaha.
"Yamaha’s acquisition of Line 6 will help accelerate the realisation of our vision to drive innovation for musicians across the globe,” said Line 6 CEO and president Paul Foeckler. “We’re proud that Yamaha recognises the innovation and value in our people, IP, and processes and we’re excited about the opportunities ahead to expand our reach.”
The transaction is expected to be completed during January 2014 after receipt of customary regulatory approvals.