TC And Gibson Cancel Merger

Partnership announced at NAMM falters      14/04/08
TC And Gibson Cancel Merger
TC Group CEO, Anders Fauerskov

Gibson and TC Electronic have decided not to merge after all. The original merger was announced earlier this year at the NAMM show and we got to talk to the TC US CEO, John Maier, about it in a video interview at the Frankfurt Messe. It is now not to be. Here’s a statement released by the two companies:
Gibson Guitar, the world's premier musical instrument manufacturer and leader in music technology and TC Group, an international leader in sound processing, amplification, computer recording and speakers, announced that they have discontinued discussions regarding a potential merger between the two companies. The decision followed an intensive effort by both parties to consummate the deal within the targeted timeline, but a number of issues remained unresolved, and both Gibson and TC agreed that it was best that the merger proceedings not continue. TC Group's goal is to produce and distribute innovative high-performance audio products for business partners around the world. Gibson Guitar remains loyal to its many customers and will continue to dedicate its future to producing the best musical instruments in the world while engaging and building its family of brands through innovative technology and potential new business partners.
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    9 Comments...  Post a comment    original story
    Sven    Said...

    Holy moly. Thats got to be embarrasing. I really,really,really would like to know why this didnt come off - I wonder if we ever will?

    14-Apr-08 11:23 AM

    Trus1te    Said...

    I am kind of happy that it did not happen. From what I heard on the podcasts-- Gibson has a habit of severely altering the course of some great boutique companies and truth be told, there is no such thing as a merger (the first thing they teach you in any college level M&A class).

    Personally, I am really tired of TC down-scaling the marketplace and would love for them to focus more on the $1000-$3000 range.

    14-Apr-08 11:44 AM

    Christian    Said...

    Thank God it is not going to happen! TC are a great company and would have been killed by the nuts who manage Gibson... Lets hope that TC can find an agreement with someone more sane if they really do need to find additional capital. They deserve better!

    15-Apr-08 04:22 AM

    keith h    Said...

    Sounds to me like TC didn't want to take the chance that the "merger" with Gibson could reduce TC's quality. You know Gibson would look for ways to make the profit margin larger, probably by cutting cost in components.

    15-Apr-08 08:27 PM

    Gibson is poopy    Said...

    Didn't Gibson totally ruin opcode when they took that over? i read about it somewhere on the net and it sounds like the head honchos at Gibson are real (begins with A ends with hole, starts with F ends with witts)?

    16-Apr-08 12:12 AM

    Math    Said...

    Line 6 and TC would be a much better couple.

    17-Apr-08 06:05 AM

    Miatch    Said...

    I'm still pissed and will not buy Gibson products after they bought and killed my favorite sequencer, Opcode Vision. As I do enjoy my TC Powercore, I wasn't certain what to do... Go TC. Gibson blows!

    28-Apr-08 07:43 AM

    kerzwhile    Said...

    Because the owner of TC found out how much of a Nutt Bag the owner of Gibson is and pulled out!! Thank GOD!! Look at Gibsons Track record!! Do the names Opcode and Oberheim ring a bell?????

    29-Apr-08 04:10 PM

    pro audio DAVE    Said...

    Thank GOD

    TC would have ended up with Wall warts and cheap connectors

    14-Jul-08 05:39 PM

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