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Milab and Pearl recombined

Milab and Pearl recombined

Milab and Pearl recombined

Milab Microphones AB has agreed to acquire 100% of the shares of fellow Swedish mic manufacturer, Pearl Mikrofonlaboratorium AB. The deal will see the consolidation of Pearl’s operations and product portfolio into Milab.

Based in neighbouring towns in southern Sweden, the two companies have a shared heritage. Both can trace their roots to the founding of PML in 1941 by Rune Rosander in Stockholm. In the late 1970s, PML was divided into separate business units that became two different companies, Pearl and Milab. This eventually led to a permanent separation. Bernt Malmqvist, who had served as production manager for both companies, purchased Pearl in 1988. Meanwhile, Milab was acquired by Thomas Nöjdh in 1993. 

The companies believe that the merging of resources and technologies will ‘create considerable synergistic effects’ for both production and R&D. However, the new owner is keen to state that from a marketing perspective, Milab and Pearl will still be treated as two separate brands.

‘The opportunity to bring these two companies back together after 40 years is a matter of great pride to us all,’ said Mr Nöjdh, who will continue to serve as Milab’s CEO. ‘With the acquisition of Pearl, Milab will strengthen its position as one of the world’s finest manufacturers of high-end microphones, and I look forward to growing the business further.’

‘With this agreement, we are confident that the wonderful and exciting Pearl technology is in good hands and will live on for another 76 years,’ added Mr Malmqvist, previous co-owner and exiting CEO of Pearl.

Mr Malmqvist and Sven Olof Andersson, the exiting chairman of Pearl, will support the integration of the two companies over the next few months in a move that the new owner hopes will ensure a smooth transition for both companies’ customers and business partners.

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