…on its 50th birthday.
British audio brand Bowers & Wilkins has been sold to a Silicon Valley start-up company Eva Automation for an undisclosed sum.
Facebook chief of technology Gideon Yu who set up Eva Automation in 2014, announced globally that it had acquired Bowers & Wilkins.
Former CEO and chairman of Bowers and Wilkins, Joe Atkins, will remain in his role, while Yu, who is also the current co-owner of the San Francisco 49ers American football team, will serve as executive chairman.
According to Bloomberg, Eva is backed by at least US$20 million in funding.
In a statement on the Eva Automation website, Yu said, “We at Eva are excited to operate as one combined company under the Bowers & Wilkins name.”
“We will have much, much more to announce when the time is right about our vision and our products. In the meantime, we will continue to work hard on developing a truly special, highly integrated and easy to use home AV experience that I know you’ll love,” he added.
According to the company’s website, Eva Automation is “making products that will change how people interact and think about the home”.
Bowers & Wilkins was founded in Sussex in 1966 and the company still has a factory in Worthing.