Posted: 30 October 2018
Marshall Amplification plc are delighted to announce Zound Industries, Sweden, have successfully retained the global license to design, develop, manufacture and market headphone and speaker products under the Marshall brand.
Since 2010 Marshall and Zound have been working together to bring the iconic sound of Marshall to the consumer electronics market in the form of stylish and technologically savvy products.
The new agreement which will come into effect on 1 January 2019 for 15 years enables both parties to build on the immensely successful first eight years which has resulted in over 425,000 units sold into market globally during Q1-Q3 2018.
Jon Ellery, Managing Director at Marshall Amplification plc said “Zound have brought our vision to life and have added their immense expertise in technology and lifestyle to our brand. We want people globally to enjoy music and we believe the Marshall headphones and speakers truly offer something unique – the Marshall sound. We’re delighted to reach this agreement and look forward to concentrating on bringing more innovative products to market over the next 15 years.”
“Both Zound and Marshall have always been committed to prolonging our successful partnership and it’s fantastic that we can continue to create great products together.” Comments Pernilla Ekman, CEO at Zound Industries.
“Now it’s time to focus on the future and build on the huge success Zound and Marshall have already achieved.” Adds Tommy Jacobson, Chairman of the Board at Zound Industries.
As a sign of the long-term commitment and ensuring that delivering the true essence of the brand in all Marshall products remains a core focus of Zound Industries, part of the agreement sees Marshall receive a five per cent stake in Zound Industries.
Last week Zound Industries posted its third quarter results showing continued growth. Net sales grew by 44 per cent compared to the same period in 2017. Year to date figures for September report a 32 per cent growth to 1.15bn SEK.