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Stillwater Designs, maker of Kicker car audio speakers, has acquired OEM integrator SoundGate of Sheridan, Wyo., for an undisclosed sum.
SoundGate founders Rob and Julie Putnam and several staff members will relocate to Stillwater headquarters here.
The purchase is expected to provide a means for Kicker products to integrate into the cars of the future, said a spokesman. It will also increase financing for SoundGate, said Stillwater VP sales and marketing Charlie Schultz. He said the two companies have had an ongoing relationship over many years.
The Consumer Electronics Association estimates the OEM integration market, including MP3/iPods kits, will grow by 90 percent this year to $29 million and by another 100 percent next year to $57 million.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.