It was announced today that Razer, the manufacturer of gaming peripherals has purchased the majority of assets of THX Ltd. Razer be the parent company and will continue to operate the company as an independent entity under its current management and employees.
In May 2015. Ty Ahmad-Taylor came aboard THX as the CEO and made a commitment that the company would branch out into the consumer electronics sector. Whether the plan was for the company to be purchased is not known, he stated in a post in March 2016, that the certification of quality included development of headphones, virtual reality and more.
THX was formed by legendary film maker George Lucas in the early 1980’s to fill a void that he found in the quality of the playback of movies in commercial cinemas. The original certification program of THX began in 1983 to coincide with the release of “Star Wars Episode VI: Return of the Jedi.”
“For over 30 years, THX has maintained a proud legacy of being one of the leaders in audio technology and certification worldwide,” said Laurie Fincham, senior vice president of Audio Research and Development at THX.
“With their focus on quality, design and innovation, Razer supports our vision to optimize and deliver the best audiovisual experiences to audiences worldwide.”
Razer Co-Founder and CEO Min-Liang Tan said, “Razer has a vision for innovation at every level of entertainment, a vision which THX has championed since its inception more than 30 years ago. This acquisition will allow us to reinforce Razer’s leadership in gaming and extend the brand into broader areas of entertainment, while at the same time empowering THX to develop into a global powerhouse, independently.”
“Our focus has always been on ensuring that anyone can experience high quality entertainment, regardless of their medium of choice. With Razer, we can now continue to strengthen our core lines of business while delivering excellence for our customers’ ever-changing needs,” said Ty Ahmad-Taylor, CEO of THX. “As a standalone company, THX will work with Razer but will primarily continue to service our partners in the industry in order to deliver great products to consumers.”
Details of the transaction was no disclosed.