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Razer announces acquisition of THX

By Ashley Lucas - on 18 Oct 2016, 3:32pm

Razer announces acquisition of THX

Razer, an American company that offers high-performance gaming hardware, software, and systems, has announced its acquisition of the majority of the assets of audio company, THX Ltd.

“Razer has a vision for innovation at every level of entertainment, a vision which THX has championed since its inception more than 30 years ago,” Razer Co-Founder and CEO, Min-Liang Tan, said. “This acquisition will allow us to reinforce Razer’s leadership in gaming and extend the brand into broader areas of entertainment, while at the same time empowering THX to develop into a global powerhouse, independently.”

Despite the acquisition, THX will operate as an independent startup under its own management. Management and its employees will be retained. The audio technology business will also have discretion to seek agreements with other product makers, service providers, and financial partners other than Razer.

"For over 30 years, THX has maintained a proud legacy of being one of the leaders in audio technology and certification worldwide," Laurie Fincham, Senior Vice President of Audio Research and Development at THX, said. “With their focus on quality, design and innovation, Razer supports our vision to optimize and deliver the best audiovisual experiences to audiences worldwide.”

Ty Ahmad-Taylor, CEO of THX, on the other hand, said that with Razer, THX will be able to continue to strengthen its core lines of business and deliver excellence for their customers' ever-changing needs.

“As a standalone company, THX will work with Razer, but will primarily continue to service our partners in the industry in order to deliver great products to consumers," Ahmad-Taylor continued.

Financial details of the transaction, which closed earlier this month, were not disclosed.