Gibson to merge with TC Group
The Tennessean, Nashville’s hometown paper, ran a story yesterday (1/18) that Gibson Guitar Corp. will merge with TC Group, a Danish pro audio firm.
The merger was announced at the NAMM Winter Show in California, and according to The Tennessean, the new company will remain headquartered in Nashville when the deal is finalized in February. No layoffs are anticipated and Gibson expects to hire new engineers and marketing staff this year.
TC’s chief Anders Fauerskov will serve as Gibson’s chief operating officer and remain in Denmark. Though not clearly stated, it appears that the new company will continue to do business under the Gibson name.
More details can be found in the joint press release issued yesterday.
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The proposed merger between Gibson Guitar and TC Group which was announced in January '08 has been shelved.
The...
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