Yamaha buys Bosendorfer

[Arnold Duin]

Michael,

Yamaha did buy Bosendorfer
http://www.boesendorfer.com/index.php?menu=89&dsp=100&act=det&id=1471&lang=en

Arnold Duin
  ----- Original Message ----- 
  From: Michael Magness 
  To: Pianotech List 
  Sent: Wednesday, February 06, 2008 3:45 PM
  Subject: Re: Yamaha buys Bosendorfer





  On Feb 6, 2008 12:50 AM, Richard Brekne <ricb at pianostemmer.no> wrote:

    This came up about a month or so back... didnt know it was a final deal.
    There was another company in the picture and it still seemed a bit up in
    the air.

    Cheers
    RicB


       Hey guys. I just read that Yamaha has bought Bosendorfer. You
       probably already knew this, but it's news to me. Any comments?
     Gerald McC



    You remembered right Ric but apparantly they were wrong or premature in their report! This is what was reported at the time.


  Piano Maker Bösendorfer Sold
  By Matthew Westphal
  November 19, 2007
  The fabled Austrian piano manufacturer Bösendorfer has been sold for just under €11 million, according to the Austrian national broadcaster ORF and Deutsche Presse-Agentur. The purchaser, Brodmann Pianos of Vienna, beat out rival Yamaha Pianos of Japan. 
  Bösendorfer — whose instruments have been considered to rank at the highest level of quality, alongside those of Steinway, Bechstein and Pleyel — has been struggling financially in recent years, with a loss of €2 million in 2006 and accumulated debt of €8 million, according to DPA. 
  The Austrian banking group BAWAG acquired Bösendorfer in 2001 for about US$25 million; the sale of the piano maker follows the purchase of BAWAG by the US hedge fund Cerberus earlier this year. 
  Brodmann Pianos was founded by Joseph Brodmann, who was the teacher of Ignaz Bösendorfer. The apprentice acquired his master's company and created Bösendorfer Pianos in 1828 (though the two firms subsequently split). Brodmann's current chief, Christian Höferl, is a former Bösendorfer sales executive. 
  According to DPA, Bösendorfer staff demanded guarantees that manufacturing operations would not be moved abroad, maintaining that the Austrian provenance of the company's pianos is an integral part of their identity. 


  Mike
  -- 
  Age is an issue of mind over matter. If you don't mind, it doesn't matter.
  Michael Magness
  Magness Piano Service
  608-786-4404
  www.IFixPianos.com
  email mike at ifixpianos.com 
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