Roland, a manufacturer of professional musical instrument, including electronic drums, amplifiers and Boss effects, has acquired a majority stake in V-MODA, a manufacturer of high-fidelity headphones and audio devices. The strategic investment provides Roland and V-MODA with the resources to together develop the next breakthrough music products, accelerate product development and push the boundaries of audio innovation.
Jun-ichi Miki, CEO of Roland, says the company is excited to add the electronic manufacturer's portfolio of personal audio devices to its family of products.
“We’re pleased V-MODA has joined the Roland family of brands. V-MODA revolutionized headphones and has pushed the envelope of personalization. Their Milano design, material research and professional DJ roots, along with their loyal customers, are incredible assets for Roland. It’s an exciting time for both companies, and we are eager for the talent at V-MODA and Roland to collaborate,” says Miki. “This new team and the audience that the products are going to attract will definitely inspire the future of music.”
For over 10 years, Val Kolton, founder of V-MODA, has worked to develop the V-MODA brand. As part of the acquisition Kolton will maintain his role with the company as V-MODA’s CEO. Kolton will also provide his expertise in product design for Roland’s dance, DJ and electronic music division as a consultant.
“For more than a decade we have vigorously crafted high-end personal audio products for modern audiophiles that reproduce music for a concert and club-like experience,” says Kolton. “This partnership is not strictly a business deal; it’s a strategic synergy that will bridge the high-quality sound, materials and design of our products with the legendary genre-changing sound expertise and commitment to excellence from Roland. Roland’s 808, 909 and countless products helped to lay the foundation and forge today’s music, and together we can carry on the tradition.”
According to the terms of the deal, Roland acquired 70 percent of V-MODA to become the majority stakeholder in the company with Kolton retaining 30 percent ownership. The financial details and terms of the agreement are confidential.
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