Fender to Acquire Music Tech Company PreSonus

Fender to Acquire Music Tech Company PreSonus
Fender, led by Chief Executive Andy Mooney, is headquartered in Hollywood.

Fender Musical Instruments Corp. has signed what it calls a “definitive agreement” to merge with PreSonus Audio Electronics Inc.

Although the merger is still subject to U.S. regulatory approvals and other customary closing conditions, Hollywood-based Fender announced the acquisition Nov. 1, which will pair its guitars and other equipment with the audio interfaces of Baton Rouge, La.-based PreSonus. Terms were not disclosed.

“We are thrilled to welcome everyone on the PreSonus team to the FMIC family and excited about the future growth opportunities available to both companies,” Andy Mooney, chief executive of Fender Musical Instruments Corp., said in a statement.

Founded in 1946, Fender is one of the world’s leading manufacturers of musical instruments. The company has expanded its operations to include effects pedals, speakers and sound systems, and in 2015, it launched a collection of products players can use for education, training and performance.

The merger offers complementary equipment and software to Fender’s product line while helping the company adapt to new technology and musicians’ changing needs. 

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Todd Gilchrist
Todd Gilchrist is a Los Angeles-based reporter and film critic with 20+ years of experience at dozens of print and online outlets, including Variety, The Hollywood Reporter, Entertainment Weekly and Fangoria. An obsessive soundtrack collector, sneaker aficionado and member of the Los Angeles Film Critics Association, Todd currently lives in Silverlake, California with his amazing wife Julie, two cats Beatrix and Biscuit, and several thousand books, vinyl records and Blu-rays.

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