Yamaha Acquires Revolabs
Revolabs announced Monday that it has reached an agreement to be acquired by Yamaha Corp. Terms of the deal were not disclosed.
"With the market for conference room equipment expected to expand worldwide, I am extremely happy to welcome Revolabs — a company that has earned a high level of trust from customers and grown rapidly in this market — as a member of the Yamaha Group," Mr. Takuya Nakata, president of Yamaha Corporation, said as part of the announcement.
"Since we started the company in 2005, Revolabs has shown an ability to innovate and bring exciting products to the market," Jean-Pierre Carney, CEO and founder of Revolabs, said in a statement. "We've grown a strong team, have an exciting roadmap with industry-leading technology, and were already on track to more than double our revenues this year.