ClearOne, Inc. (NASDAQ: CLRO) said it has acquired Sabine, Inc., solidifying the company´s industry-leading portfolio of professional microphones.
With the addition of Sabine, ClearOne will have reliable and exclusive access to the wireless microphones that are a critical component of ClearOne´s complete microphone portfolio. Under the terms of the transaction, ClearOne will pay approximately USD7.5m in cash and USD1.5m in ClearOne shares. In addition, ClearOne will assume and pay off Sabine debt of USD1.25m and make earn-out payments over the next three years, based on achievement of certain performance criteria.
Sabine has partnered successfully with ClearOne since late 2012, supplying the wireless microphone systems sold under the ClearOne brand. These microphones complement ClearOne´s CONVERGE(R) Pro and INTERACT(R) Pro products, driving sales of the company´s broader product line. The wireless microphone systems lead the industry in features, performance and pricing.
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.
Sabine is located in Alachua, Florida, and manufactures, designs, and sells Sacom professional wireless microphone systems for live and installed audio. It also makes FBX Feedback Exterminator for reliable automatic feedback control. More information about the company can be found at www.sabine.com.