Roland has announced the acquisition of a majority stake in V-MODA, manufacturer of high-fidelity headphones and audio devices.
The strategic investment will see the two develop new products together, and also adds the experience of the V-MODA founder to the Roland music division.
Jun-ichi Miki, CEO of Roland, said: “We’re pleased V-MODA has joined the Roland family of brands. V-MODA revolutionised headphones and has pushed the envelope of personalisation. Their Milano design, material research and professional DJ roots, along with their loyal customers, are incredible assets for Roland. It’s an exciting time for both companies, and we are eager for the talent at V-MODA and Roland to collaborate. This new team and the audience that the products are going to attract will definitely inspire the future of music.”
V-MODA founder Val Kolton, will maintain his role with the company as V-MODA’s CEO and will also add his expertise in product design to Roland’s dance, DJ and electronic music division as a consultant.
“For more than a decade, we have vigorously crafted high-end personal audio products for modern audiophiles that reproduce music for a concert and club-like experience,” said Kolton. “This partnership is not strictly a business deal; it’s a strategic synergy that will bridge the high-quality sound, materials and design of our products with the legendary genre-changing sound expertise and commitment to excellence from Roland. Roland’s 808, 909 and countless products helped to lay the foundation and forge today’s music, and together we can carry on the tradition.”
The deal sees Roland acquire 70 per cent of V-MODA, becoming the majority stakeholder in the company, with Kolton retaining 30 per cent ownership. Financial details and terms of the agreement were not disclosed.
