TC Group. the Danish holding group that manages Tannoy Limited, has announced that they are merging with famous instrument maker Gibson Guitar.

 

Under the terms of the agreement TC Group CEO Anders Fauerskov will be named COO of the new Gibson Guitar Corporation and will remain based in Europe. Gibson Guitar's CEO Henry Juszkiewicz offered "This merger will revolutionize the music industry for many years to come. The synergy between the two companies will allow us an enormous advantage in the development of new audio technologies and brings together two of the world's most powerful brands."

 

Tannoy was founded in 1926 by Londoner Guy Fountain, and produces loudspeakers both in their facility in Scotland and in Southeast Asia. Famous for their dual concentric loudspeakers, Tannoy has been one of the cornerstones of audiophile loudspeakers for decades. Nashville-based Gibson Guitar has been around since 1894 and has given the world many classic guitar designs that are instantly recognizable whether you're a musician or not. They also produce just about every stringed instrument you can imagine.