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Electronics Production | February 26, 2008

Bang & Olufsen up for sale?

Denmark based magazine Berlingske Tidende has reported that Denmark based company Bang & Olufsen is up for sale.

According to Berlingske Tidende a private equity firm is interested to place a bid to acquire Bang & Olufsen. The company CEO Torben Ballegaard Sörensen has left the company in January this year. Bang & Olufssen have said that the sale during Christmas was a disappointment for the company. According to a statement from Bang & Olufsen the company is not for sale.
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