Milab and Pearl together again after 40 years
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The merger will synergise Milab and Pearl's production and R&D services and the brands will continue to exist individually for marketing reasons.
The two microphone manufacturers share a common heritage that goes back to 1941 when PML was founded by Rune Rosander in Stockholm, Sweden. In the late 1970s, PML was divided into separate business units that became Pearl and Milab and eventually led to a permanent separation.
Thomas Nöjdh, who will continue to serve as Milab’s CEO, says: “The opportunity to bring these two companies back together after 40 years is a matter of great pride to us all. With the acquisition of Pearl, Milab will strengthen its position as one of the world’s finest manufacturers of high-end microphones, and I look forward to growing the business further.”
Bernt Malmqvist, previous co-owner and current CEO of Pearl, adds: “With this agreement, we are confident that the wonderful and exciting Pearl technology is in good hands and will live on for another 76 years.”
Malmqvist, who will be retiring from the microphone business, and Sven Olof Andersson, chairman of Pearl, will support the integration of the two companies over the coming months.
(Jim Evans)
