Clear-Com will continue operation as a wholly owned subsidiary of HME. While HME (HM Electronics) is known for its pioneering work in pro-audio wireless intercom systems, Clear-Com is a leading provider of voice communication systems for broadcast, live performance, military, federal government and pro-audio markets.
HME says that there are "no changes planned" for Clear-Com's award-winning product range, which encompasses TDM Matrix and integrated IP and wireless solutions. The acquisition is set to "expand HME's reach into markets, while allowing the combined companies to leverage synergies in product development and operations".
"After enjoying substantial growth in all our key sectors over the past decade, it was time for HME to take the next step," said Chuck Miyahira, CEO of HME. "Clear-Com is the best-known brand in the mission-critical intercom marketplace, and brings a wealth of industry knowledge, innovative technology and great business partnerships around the globe. This acquisition will expand the HME business in the pro-audio space with a wider range of complementary communication solutions."
"We are extremely pleased to make this announcement," added HME president Mitzi Dominguez. "Both companies have been in the professional intercom business for over 30 years and share similar cultures and core values. There is tremendous synergy between the two companies. With their combined expertise in the professional audio industry they will focus on finding new, innovative ways to help their customers."
"We see a great fit with the strategy and vision of HME. The efforts of our combined teams will bring added value to our customers and greater opportunities for both companies," said Matt Danilowicz (pictured), who will continue in his role as president of Clear-Com under the new structure within HME. "HME's complementary expertise in wireless, their operations and manufacturing excellence, and their appreciation of our markets will solidify the growing recognition that Clear-Com's products are setting a new standard for the industry."
Clear-Com's business headquarters remain in Alameda, California. Research and development will continue in Cambridge, UK and in Montreal, Canada.