JAYS Group to acquire connected audio and speaker brand CLINT® Digital
Category: #tech  By Mateen Dalal  Date: 2019-02-22
  • share
  • Twitter
  • Facebook
  • LinkedIn

JAYS Group to acquire connected audio and speaker brand CLINT® Digital

Premium headphones and app company, JAYS Group AB, has reportedly entered into a binding agreement for acquiring CLINT® Digital, the award-winning lifestyle audio brand from Denmark. The CLINT® brand, to become a part of JAYS Group organization starting March 1, 2019, is considered as a pioneer in multiroom speakers of Nordic design.

According to sources with knowledge on the matter, JAYS would be setting up a dedicated team in Denmark for CLINT® Digital to expand and develop the brand further, along with bringing new connected audio products and smart speakers to market in second half of 2019. The team would apparently be run by Brian Larsen, the commercial director and original founder of CLINT®.

Phillip Bodum, the Product designer & Creative Director and René Larsen, Head of Product Development, both having strong knowledge of the brand and global market for the products, would also work with Larsen to run the company.

Sources informed that closing of the deal is scheduled for 28 February 2019, when the previous owners of CLINT® would transfer all activities of the brand, including IPR rights, to JAYS Group AB. After the deal is completed, JAYS would pay a fixed purchase price of 750,000 SEK for all the activities of CLINT®, including tooling, inventory, IPR rights, among others.

EET Group, previous owner of CLINT®, and JAYS have confirmed they would honor the cooperation and sales of specific products through the sales and distribution channels of EET, while JAYS will continue developing CLINT® brand’s product portfolio.

JAYS Group, sources mention, has projected that CLINT® activities could bring in sales revenue of 9 to 18 MSEK a year during the 2019-2020 period with positive EBITDA numbers. With the new upgraded and more complete portfolio of CLINT® products to be launched in 3rd quarter of 2019, JAYS believes there is significant opportunity for growth.

Supposedly, the new brand strategy for CLINT® involves upgrading the brand’s entire product range to the latest standards in the industry with Amazon Alexa and Google Assistant, simultaneously supporting the new Apple Airplay 2 standards.

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal    

Mateen Dalal

Mateen has completed his Bachelor’s degree in electronics and telecommunication engineering, post which he lent his proficiency to the industry, working as a quality and test engineer. Drawn intricately toward the field of content creation however, Mateen soon switc...

Read More

More News By Mateen Dalal

FreightCar America forms new railcar production JV with Fasemex
FreightCar America forms new railcar production JV with Fasemex
By Mateen Dalal

Despite ongoing geopolitical tensions, Mexico is still the primary trading partner for the United States. Owing to the wide-scale presence of skilled and affordable workforce, Mexico is ideal for enterprises looking to optimize operations and attain ...

Knopp posts data of KB-3061 working on KCNQ2 Epileptic Encephalopathy
Knopp posts data of KB-3061 working on KCNQ2 Epileptic Encephalopathy
By Mateen Dalal

KCNQ2 epileptic encephalopathies is a serious type of neonatal epileptic condition which manifests in newborn children during the first week if their lives. This disease is being addressed by various pharmaceutical companies across the globe trying t...

Novo Nordisk and Medtronic team up to offer digital diabetes solutions
Novo Nordisk and Medtronic team up to offer digital diabetes solutions
By Mateen Dalal

With growing population of diabetic patients, diabetes management is becoming a daunting activity. Sugar level management and insulin injections tracking is a difficult work. Thus, leading pharmaceutical companies are collaborating with medical devic...