Onkyo takes audiovisual branch on Pioneer

Sep

14

2014

Onkyo takes the audiovisual branch on Pioneer, which involves, among other business units for receivers, DVD and Blu-ray players, wireless speakers and hi-fi systems. The DJ-branch of Pioneer is not part of the acquisition.

Onkyo logo (27 pix) In exchange for the acquisition of the P-branch, Pioneer takes a stake of 14.95 percent in Onkyo. Japanese Onkyo takes the business units for DJ products not from Pioneer. However, that branch’s trying to sell Pioneer writes Reuters. That business unit is responsible for headphones, mixers, turntables and DJ accessories.

Pioneer has long been working to pull the market for audio-visual equipment back. The manufacturer made ​​in 2008 is known to stop the production of plasma panels for TVs. The Japanese group focuses among others on the market for car entertainment. Pioneer and Onkyo to have the acquisition completed in late October, after the integration of the P-branch in Onkyo in March 2015 to be ready.

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