Onkyo is hooking up with....TEAC

Danny Tse
Danny Tse Posts: 5,206
edited January 2012 in Electronics
From Onkyo USA's website....
01/26/12 - Osaka, Japan, January 20, 2012 -- As part of its corporate goal to enhance shareholder value and meet the demands of a changing marketplace, Onkyo Corporation, a worldwide leader in consumer audio, today announced a strategic alliance with TEAC Corporation, a global electronics manufacturer. The alliance between Onkyo and TEAC is particularly synergistic in that both companies share a commitment to excellence and a passion for engineering, designing, manufacturing and marketing products that deliver high value and exceed customer?s expectations.

Through this strategic alliance Onkyo and TEAC will acquire shares of each other?s stock. The companies are exploring ways to share manufacturing facilities, logistic centers and research & development resources. Onkyo President, Munenori Otsuki, stated that the alliance with TEAC offers unique opportunities to both companies to leverage each other?s considerable strengths to provide innovative life changing products to its customers. TEAC President, Yuji Hanabusa stated that strategic alliance of Onkyo and TEAC will make both companies more competitive in an ever changing market.
Post edited by Danny Tse on
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Comments

  • brgman
    brgman Posts: 2,859
    edited January 2012
    Wow.First Gibson guitar now this.
    I wonder if Tascam is spun off now or still part of TEAC.
    Main Rig-Realistic AM/FM Record player 8 track boasting 4 WPC

    Backup Rig-2 CH-Rogue Audio Zeus w/Factory Special Dark Mods,Joule-Electra 300ME Platinum Preamp,OPPO-105 w/Modwright Tube Mod, Auralic Aries G2.1,Polk 2.3TL,3.1TL's,Dreadnought,RTA-15TL's,1C's All Fully Modded,2xRTA-12c's ,Benchmark DAC3 HGC,Synology NAS,VPI Scout w/Dynavector DV-20XH and Rogue Audio Ares Phono Preamp,Sony PCM-R500 DAT,HHB-850 Pro CDR,Tascam CC-222SLMKII Cassette/CDR,MIT S3.3 Shotgun Cables,Shunyata Hyra-8,Shunyata and Triode Labs Power Cords

    I’M OFFENDED!!!!
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  • Drenis
    Drenis Posts: 2,871
    edited January 2012
    I love this line...

    "The alliance between Onkyo and TEAC is particularly synergistic"

    All about the synergy...
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  • cstmar01
    cstmar01 Posts: 4,424
    edited January 2012
    I really hope it doesn't affect esoteric as they are a part of teac and make some amazing stuff. Sad day
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