TYMPHANY BUYS B&O FACTORY

Danish loudspeaker manufacturer Tymphany has purchased Bang & Olufsen’s engineering and manufacturing operation in the Czech Republic. ‘This acquisition will accelerate Tymphany’s growth as an ODM of premium consumer and professional audio systems and acoustic solutions,’ said Phil McPhee, Tymphany European Business Unit Head. ‘ Tymphany’s global footprint will expand to four manufacturing locations and five audio product engineering centres.’

All current B&O production within the Czech facility will transfer to Tymphany as part of the agreement. Tymphany plans additional investment to create a European centre of excellence for the engineering and manufacture of premium consumer and professional audio systems. ‘ We are excited to bring the highly-experienced Bang & Olufsen Czech Republic team into Tymphany,’ said McPhee. ‘This will strengthen our global engineering and manufacturing capabilities, and will further enable us to offer world-class service to both European customers and our customers that operate through a global footprint.’

Tymphany’s roots go back to 1926 when Peerless was founded in Denmark. The company designs and manufactures loudspeakers for both consumer and professional audio and sells a full line of speaker drivers under the Peerless by Tymphany brand. The company has more than 4,200 employees. For more information visit www.tymphany.com