Panamax has acquired Furman Sound, a maker of audio and video signal processors, as well as AC power conditioning and distribution products. No financial details were provided.
The agreement offers significant growth potential for both companies, as Furman’s professional products complement Panamax’s Home Technology Group offerings.
Panamax is owned by Linear, in Carlsbad, CA. The goal for Panamax is to expand beyond the residential market and into the professional music industry, where Furman Sound has been a player for several years. Furman in return gets access to the high-end consumer electronics marketplace.