Marshall Amplification has been acquired by Zound Industries and the new Marshall Group launched.
For more than a decade, Zound industries has been bringing the Marshall brand to a global consumer audience through its range of headphones and wireless speakers. This new deal with the Bletchley-based amplifier giants, promises the union will 'build the most exciting audio tech powerhouse.'
The Marshall family will become the largest shareholder of the newly formed Marshall Group in the deal which includes all Marshall Amplification brands and subsidiaries, including Natal Drums, Marshall Records, and Marshall Live Agency.
"With this game-changing deal, Marshall Group will become the main challenger in our industry and the most exciting alternative to traditional players, bringing even greater innovation and value to clients, employees, and investors alike," said Henri de Bodinat, chariman of Zound Insustries/Marshall Group.
Victoria and Terry Marshall - heirs of “Father of Loud” Jim Marshall, who founded the company with his son Terry in 1962 - together with Jim’s granddaughter Joanne Marshall-Price, Paul Marshall and the Marshall Charitable Trust will play key roles within the new entity to ensure the legacy of the famous Marshall sound and brand.
Terry and Victoria Marshall will join the board of Marshall Group.
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“Since my father and I created the original Marshall amp back in 1962, we have always looked for ways to deliver the pioneering Marshall sound to music lovers of all backgrounds and music tastes across the world - and I’m confident that the Marshall Group will elevate this mission and spur the love for the Marshall brand, Terry said.
Victoria Marshall added: “Having worked alongside my father during his later years, I know he would be excited at this direction and the potential to reach a larger worldwide audience with innovation and passion which he always had in spades.”
One of Sweden’s leading tech entrepreneurs, Konrad Bergström, founder and board member of Zound Industries until 2018, and member of Jim Marshall’s Board of Trustees since 2015, has been instrumental in bringing together Zound Industries and Marshall Amplification, and will remain an advisor to the Marshall Group.
“I am proud that this deal has finally been completed. The success that we have achieved with the Marshall brand over recent years is soon going to be seen as having been the warm-up to a new British-Swedish headline act that is going to shake the tech and music industries to their foundations," Konrad Bergström said.
"Spinal Tap features one of cinema’s most iconic scenes when Nigel shows off how his Marshall guitar amplifier can turn ‘up to eleven’, but what we are announcing today is no parody: Marshall Group is going to go beyond established rules and limits and define a new sonic lifestyle category. We are going to Live Loud!”
Marshall Amplification celebrated its 60th anniversary in 2022.
Marshall Amplification’s iconic, black, vinyl amplifiers have been championed by some of the world’s greatest bands and musicians from legends including Jimi Hendrix, Eric Clapton, The Who and Oasis to modern greats Justin Timberlake, Kendrick Lamar, and Lana Del Rey.
