Wadia gets acquired

Another US company swallowed up by a Foreign concern.

Bob

Well, Wadia think about that!

(Sorry, but I've been waiting YEARS for a chance to work that in.)
-

I would assume it means they continue to get made. Look what happened to Audio Research after Fine Sounds bought it. They're still there. Given that pro forma, AFTER the transaction, NewCo has $30mm in revenues (from Sonus Faber, ARC, and Wadia) suggests that none of them are knocking the cover off the ball. With this, Wadia gets an economically motivated non-US partner to try to expand sales of Wadia product elsewhere, and Wadia's previous owner has something (presumably) to show for his/her/their efforts til now.

If Wadia was not pricey enough, you will soon find its products about 20% more expensive. That is what is happening at ARC. Additionally, the parts will increase to sources in China. Assembly will continue in the USA. I doubt you will see any real improvement in the design of Wadia products as NewCo will 'milk' the brand. What it does give is for another new USA company to get into business. Its the American way.

Well the press release only mentions the 1-Series. I am waiting for my 971 and really hope this does not mean trouble.