On May 3, 2016 it was announced Bowers & Wilkins has been acquired by newly funded startup EVA Automation Inc, a technology company founded by Gideon Yu. Financial terms were not disclosed.
Bowers & Wilkins is the market leading maker of high-end audio equipment. It has forged its position through a relentless commitment to high quality innovative research, development and build. EVA Automation will integrate fully with Bowers &Wilkins’ unmatched acoustic engineering prowess by offering innovative A/V technologies and product vision that will enable Bowers & Wilkins to grow faster and further.
Joe Atkins, incumbent owner of Bowers & Wilkins, will remain as CEO and will work closely with EVA and Yu to continue to develop Bowers & Wilkins’ position as a world class highly integrated AV company. Gideon Yu is well known for helping to build world-class companies including Facebook, YouTube and Square and will act as Executive Chairman for Bowers & Wilkins
Gideon Yu commented, “Bowers & Wilkins brings an incredible brand, experienced and well-respected team and commitment to making high-end audio equipment of unmatched quality. We at EVA share their same product vision and passion for home entertainment and look forward to creating fantastic home A/V experiences together as one combined company.“
Joe Atkins commented, “This is an exciting time for Bowers & Wilkins – a brand of true heritage and quality. In Gideon Yu and EVA Automation we have a true innovator in the technology sector.”
About Eva Automation
Eva Automation, Inc is a Silicon Valley, California-based technology company that is reimaging the home entertainment experience. Our team is dedicated to creating simpler and better ways for people to enjoy the products they love.
About Bowers & Wilkins
Bowers & Wilkins is a global leader for premium loudspeaker products and purveyors of “true sound” with nearly 50 years of audio heritage. Its innovative, award-winning audio products are an essential element to audio entertainment whether at home or on the move. Bowers & Wilkins loudspeakers are highly regarded as the definitive “audio reference,” as demonstrated by their use in leading recording studios throughout the world including Skywalker Sound in California. The notion that remarkable sound must be experienced to be fully appreciated is reinforced by the company’s motto -“Listen and you’ll see.”