Pioneer In The Process Of Selling Off Its DJ Line

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steve149

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Sep 26, 2011
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http://www.reuters.com/article/2014/09/03/pioneer-asset-idUST9N0OU01S20140903

(Reuters) - Japanese car electronics maker Pioneer Corp is in the final stage of selling its disc-jockey equipment business, which could fetch about 60 billion yen ($570 million), two people with knowledge of the transaction said.

Pioneer has hired Bank of America Merrill Lynch to handle the sale, said the sources, asking not to be named because the process has not been made public.

Global private equity firms are among the final bidders, they added.

Pioneer, which is selling off non-core assets to focus on the automotive electronics business, in June agreed to sell most of its loss-making audio-video operations to a consortium comprising Hong Kong-based Baring Private Equity Asia and audio equipment maker Onkyo Corp. That deal has yet to close.

The DJ equipment business, which makes speakers and mixing equipment, was profitable in the latest financial year to March, a source familiar with the matter said.

Pioneer and Bank of America Merrill Lynch declined to comment. (1 US dollar = 104.9300 Japanese yen) (Additional reporting by Reiji Murai; Writing by Junko Fujita; Editing by Edmund Klamann)
 
Time to go on a shpping spree... again. I did it with Denon and now it seems it's time to do the Pioneer thing.
 
Hard to tell if this is good or bad. Either way my last DJ purchase will be a set of the Pioneer turntables (PLX 1000). In a market that is saturated with controllers, I would rather just stay in the turntable lane. Niche market for services with the turntables in my area. I also hope Pioneer can hold it's position as the industry standard after the acquisition is complete.
 
Maybe Behringer will buy them :)
 
The 2 large companies that could use a Pioneer would be Behringer or Harmon (JBL, et al.). I suppose it could go it's own separate ways or partner with a smaller group, but these days, it takes money to make it.
 
The 2 large companies that could use a Pioneer would be Behringer or Harmon (JBL, et al.). I suppose it could go it's own separate ways or partner with a smaller group, but these days, it takes money to make it.

If I'm not mistaken though, didn't Behringer just pick up Denon?
 
If I'm not mistaken though, didn't Behringer just pick up Denon?

I don't believe so .. they are owned by a Japanese capital group underwritten by Bain.
 
I predicted this a while ago on another forum. Pioneer's service and customer support has suffered also they released flagship products (DDJSZ) that was not usable to some dj's.
 
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Tough to tell .. this is what the press release said (according to Google translate)

September 4, 2014
Company name Pioneer Corporation
Name of Representative Director and President and Chief Executive Officer Susumu Kotani
(Code 6773 First Section of the Tokyo Stock Exchange)
Contact Representative Director and Senior Executive Officer Hideki Okayasu
(Telephone 044-580-3211)
For some news today
(September 4, 2014), but there was some news related to the sale of DJ equipment our business today,
Including the sale and the amount buyers, this is not something we have announced.
Including the sale of DJ equipment business, for the review of the business portfolio, the Company, various selection
We are considering taking into account the limb, but there are no facts were determined.
More than
 
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