Tommy Moore Leads Buyout Of Akai’s
Electronic Musical Instrument Division
February 17, 2000
Akai Musical Instrument Corporation (AMIC), the
Texas based distributor of Akai products in North and South America announces
that AMIC CEO Tommy Moore has lead a management buyout of the assets of
the professional products division of Akai Electric Company Ltd., of Tokyo
and Akai Electric Company Ltd.’s London based professional products
division.
The acquisition includes the product development, research and development,
manufacturing and administrative infrastructure of the Akai Tokyo EMI
division as well as their US and UK distribution centers. The Akai Professional
and Akai Digital divisions are now wholly-owned subsidiaries of AMIC,
while the consumer products divisions remain with Akai Electric Company
Ltd. of Tokyo.
Moore founded International Music Corporation which later became AMIC
and has served as President since its inception. Under his direction,
the company has continually expanded their product range to include a
wide array of audio products for the musical instrument, professional,
broadcast and post production markets. Moore also lead AMIC’s earlier
acquisition of Jackson/Charvel Guitars and has assumed the position of
Chairman and CEO of the newly expanded Akai Musical Instrument Corporation.AMIC
also announces the formation of Akai Professional Musical Instrument Company
Ltd. in Tokyo, with industry veteran Jack Sugino serving as President.
UK operations will be headed by Graham Noon, a longtime employee of the
former corporation.
"The electronic musical instrument division of Akai Electric Company
Limited, Tokyo was founded in 1983 to best utilize Akai’s extensive
digital technology for music professionals and other professional audio
applications," explains Moore. "Since that time, we have firmly
established ourselves as a market leader in digital audio recording, sampling
and drum machine technology. This acquisition further increases our focus
on our core markets and allow us to better anticipate market trends, while
minimizing our time to market response."
AMIC Executive Vice President Tom Linklater comments, "While our
customers and sales force may not be noticeably affected on a day-to-day
basis, the benefits of our expanded operation will have subtle but profound
results and have already become apparent in many areas of our business
model. Our reputation for bringing top quality new products to market
in an amazingly short timeframe, will continue to grow while our ability
to quickly respond to our customer’s needs is greatly enhanced. The
acquisition also affords us greater means to coordinate our sales and
marketing efforts worldwide - resulting in a cohesive, global response
to every regional marketplace."
For more information
visit Akai on the web at www.akaipro.com. |
