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April 12, 2022 12:45 am

Bigger Sound In Smaller Packages, As Sonos Buys Mayht For $100 Million

Sonos has acquired Dutch startup Mayht for approximately $100 million in a cash-only deal. "Mayht created a new type of speaker technology that makes it possible to pack a lot more oomph into much smaller spaces, with power savings as a nifty side-effect," reports TechCrunch. "Specifically, it created a new type of transducer -- the foundational element within speakers that create sound. Mayht has re-engineered them to enable smaller and lighter form factors without compromising on quality." From the report: Interestingly, outside of some reference speakers, the Mayht team was never planning to put its own products out to market, clearly flirting with existing speaker giants for an acquisition. Sonos liked what it saw and decided to put a $100 million ring on it to consummate the relationship, acquiring the startup. The acquisition was formally announced today. "Mayht's breakthrough in transducer technology will enable Sonos to take another leap forward in our product portfolio," said Patrick Spence, CEO of Sonos. "This strategic acquisition gives us more incredible people, technology and intellectual property that will further distinguish the Sonos experience, enhance our competitive advantage, and accelerate our future roadmap." The Mayht team, in turn, was also pretty psyched to find a corporate partner to bring its tech to market. "We are very excited and proud to become a part of Sonos," said Scheek. "Our dream has always been to set a new standard in the audio industry. The integration of our technology into Sonos products will further revolutionize high quality sound."

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