It’s the time of year for saving money!
According to am August 19th press release Focal and Naim will merge to form Focal & Co, which will own and manage both the Focal and Naim brands.
Although this is a merger rather than a takeover, the firm’s title, Focal & Co, gives us some insight into the nature of the new enterprise. Focal, known for their speakers and raw drivers, and Naim, who’ve been making hi-fi electronics for more than thirty-five years, have complementary lines of products that should allow both to profit from the merger. Paul Stephenson, a Naim board member wrote, “We can achieve far more together than would have been possible alone.”
We shall see…