Ultimate Products acquires Intempo
Audio company Intempo has been bought by independent product sourcing and design business Ultimate Products.
The deal will, said Ultimate, "enable Intempo's brand of stylish, innovative audio products to be developed internationally". Intempo claims to have led the way in converging ipod speaker docks with digital radio.
Intempo's founder, Bernadette Spofforth, is to join Ultimate as brand director. She will continue to be responsible for overseeing product design and development of Intempo as well as taking control of all Ultimate's in-house brands.
"Being part of Ultimate will unlock new opportunities for Intempo," Ms Spofforth said.
"The long-term plan was always to provide high quality, stylish audio at prices which customers can afford and take this model to an international market. With Ultimate Products we will be able to achieve this goal and achieve it extremely quickly."
Ultimate Products founder and chief executive Simon Showman added: "We already have a highly successful consumer electronics division, with the addition of Intempo we are now in a position to offer an aspirational audio brand to our customers around the world."
Intempo will announce its new product range, which it says will be in-store for Christmas, in early August.
Source : ertonline.co.uk Tuesday 21st July 2009
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