EVA Automation Acquires Bowers & Wilkins (B&W)
In a surprising move B&W has been acquired by EVA Automation, which is a Bay Area company led by Gideon Yu.
EVA Automation states that B&W is a market leading maker of high-performance audio products that includes floorstanding, in-wall and wireless audio solutions. The Bay Area company adds that B&W has forged market leadership position through a commitment to innovative research and development (R&D), efficient manufacturing processes, and attention to detail. EVA Automation will integrate fully with B&W's acoustic engineering capabilities by offering innovative A/V technologies and product vision that will enable Bowers & Wilkins to grow faster and further.
"Bowers & Wilkins brings an incredible brand, experienced and well-respected team and commitment to making high-end audio equipment of unmatched quality," says Gideon Yu, chairman, CEO and co-founder, EVA Automation. "We at EVA share their same product vision and passion for home entertainment and look forward to creating fantastic home A/V experiences together as one combined company."
Joe Atkins, former owner of Bowers & Wilkins, will remain as CEO, and will work closely with EVA and Yu to continue to drive B&W’s position as a benchmark integrated A/V company. Gideon Yu is well established in the high-tech business world for helping to build world-class companies such as Facebook, YouTube and Square. Yu will act as executive chairman for Bowers & Wilkins
Atkins notes the future for B&W and its partners will be bright through the new ownership's leadership.
“This is an exciting time for Bowers & Wilkins – a brand of true heritage and quality," he says. "In Gideon Yu and EVA Automation we have a true innovator in the technology sector.”
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Bob is an audio enthusiast who has written about consumer electronics for various publications within Massachusetts before joining the staff of CE Pro in 2000. Bob is THX Level I certified, and he's also taken classes from the Imaging Science Foundation (ISF) and Home Acoustics Alliance (HAA). Bob also serves as the technology editor for CE Pro's sister publication Commercial Integrator. In addition, he's studied guitar and music theory at Sarrin Music Studios in Wakefield, Mass., and he also studies Kyokushin karate at 5 Dragons in Haverhill, Mass. Have a suggestion or a topic you want to read more about? Email Robert at email@example.com
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