M-Audio Acquires Evolution Electronics

M-Audio, a manufacturer and distributor of hardware and software for computer-centric musicians, announced the acquisition of Evolution Electronics Ltd., a UK-based manufacturer of USB MIDI keyboards and controllers.

M-Audio, Inc. has acquired all Evolution products, software, and intellectual property rights, along with all other assets and liabilities of the company in exchange for an undisclosed sum.

Says Tim Ryan, CEO of M-Audio Inc., "We are very excited about bringing M-Audio and Evolution capabilities together. It is clear to us that this joining of forces will make a sum greater than the parts." The transaction makes M-Audio the largest supplier of USB MIDI keyboards and controllers in the world and adds to the existing product development and manufacturing capabilities.

"We're honored to join the M-Audio family," says Evolution founder Richard Watts, "and are looking forward to extending our reach and vision to a new level." Watts, who built the company over the past 20 years, will continue to be involved within the enlarged group. Niels Larsen is now acting as general manager of Evolution.