Yamaha buys Bosendorfer

[Michael Magness]

On Feb 6, 2008 9:56 AM, Arnold Duin <aduin at euronet.nl> wrote:

>  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 <IFixPianos at yahoo.com>
> *To:* Pianotech List <pianotech at ptg.org>
> *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 <http://www.ifixpianos.com/>
> email mike at ifixpianos.com
>
>
Arnold,

As I stated in the post to Ric, they were wrong or premature in their
report, check the date on the article and PLEASE read ALL of what I write
before correcting me!

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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