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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