VE Partners Successfully Sells Majority Holding in Premium Sound Solutions


VE Partners has successfully divested its stake in Premium Sound Solutions (PSS),a leading player in manufacturing speakers, with a primary focus on the automotive sector. The stake sale follows the recent acquisition of PSS by Chinese technology company AAC Technologies, a transaction valued at nearly $525 million.

This strategic decision marks the conclusion of VE Partners’ association with PSS and signals a new phase for the renowned audio solutions provider. The divestment allows VE Partners to realign its investment strategy while ensuring the continuity of PSS under new ownership. The transaction is slated for completion in the second quarter of this year, subject to approval from the Authority Consumer and Market (ACM).

PSS is a significant player in the audio solutions industry. In 2022, the company achieved a milestone by producing over 110 million speakers and integrating them into two hundred different car models.

Also interesting

VE Partners Enters Into Partnership with Arendse Group

Arendse is a chain of premium health clubs based in North-Brabant with inhouse physiotherapy practices (“Fysiomore”) and swimming pools.

Van der Meijs Enters into Long-Term Cooperation with Housing Corporation WoCom

WoCom housing corporation entered into a long-term six-year partnership with our portfolio company Van der Meijs.

Buitenhof Changes Name to Life Outdoor Living

Finally we can share the great news: our portfolio company Buitenhof is changing its name and moving on as Life Outdoor Living!
This site is registered on wpml.org as a development site.