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Bang & Olufsen sells ICEpower
Bang & Olufsen divests ICEpower in a management buyout supported by private equity firm Industri Udvikling
Bang & Olufsen has signed an agreement to divest 100% of the shares in ICEpower in a management buyout supported by private equity company Industri Udvikling.
ICEpower will continue to provide class D audio solutions to manufacturers of professional and consumer audio products, including Bang & Olufsen. The ICEpower management team and Industri Udvikling aims to develop ICEpower further and consolidate its position in the audio engineering market.