Bowers and Wilkins sells to a tiny home automation startup
Billy Steele for enGadget: Bowers & Wilkins has been cranking out solid audio gear for the better part of three decades, but it's being acquired by a company that's only been around since 2014. Eva Automation, a Silicon Valley startup founded by former Facebook CFO (and San Francisco 49ers co-owner) Gideon Yu, is the new owner of the audio brand. Little is known about the company other than its 40-person staff has the somewhat vague mission of "making products that will change how people interact and think about the home." Although it has been around for two years, Eva Automation hasn't released any products yet.
The most obvious question is why a trusted name in audio would sell to such a young company. Well, Bowers & Wilkins CEO Joe Atkins hinted at a sale last year before talks with Eva began. Atkins also admitted that the company doesn't have the know-how to build audio gear that leverages the cloud, despite a range of devices that allow users to play music with features like AirPlay. We'll have to wait a while to see any new products, as Yu says the first new gear is planned for mid-2017. Perhaps Amazon's Echowill see some competition next summer. Cont'd...
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