Midas & Klark Teknik acquired by The Music Group
- Details
The sale of Midas and Klark Teknik is part of an asset deal that was signed yesterday, on 8 December 2009, and is subject to regulatory approval. The terms have not been disclosed.
The Music Group plans to retain all 106 employees currently working at Midas and Klark Teknik. These brands will continue to operate independently with the added resources of the Music Group.
Following the announcement, Midas and Klark Teknik have stressed that their current worldwide distribution arrangements will remain in place