Transferator acquire 20% of Jays – moolah in the ear

Jays‘ name is getting out; the company have already stormed TouchMyApps’ headphone oubliette with great products. This time around, a dose of fresh financing in the form of a 20% investment from privately held Swedish investment company, Tranferator AB. 2010 will see the small Swedish company introduce 7 new headphone products including the the dynamic driver a-Jays and t-Jays and the worlds first and smallest quadruple-driver universal earphone, the x-Jays. The influx of capital is a great shot in the R&D arm and whatever other arms a headphone manufacturer has 😉

Jays debuted their first earphone, the d-Jays in 2006 and today have an enviable catalogue of headphones for audiophiles of all budgets.

Reviews of Jays’ earphones can be found here: Jays reviews at TouchMyApps

More after the gap:

Press Release

Transferator AB (publ) invests in the Swedish earphone producer Jays AB. This investment, followed at Jays by new directed share issue offered both to the existing shareholders of Transferator AB and the public, will gain capital to fund the further development of continued international launch of Jays product line.

Transferator AB, a Swedish investment company, has acquired 20% of the outstanding shares in Jays AB from venture capital fund Creandum. Jays AB is now with a broaden shareholder base facing a new share issue prior to a stock market listing of the Jays shares. Prior the new share issue Transferator will own 20%, Creandum 20% and Transferators shareholders, through a share distribution, app. 27% of Jays AB. The rest part of Jays AB is owned mostly by personnel and management. More details such as record day, conditions etc. regarding the share distribution in Jays AB offered to Transferators shareholders are to be announced shortly by Transferator AB.

-Jays has not only built a strong brand in only three years but also gained trust of both critics and consumers with its products and achieved international recognition. We are impressed that Jays, applying pure Nordic design, smart technical choice and high quality could rapidly manage to take an international position, comments Jakob Johansson, CEO Transferator.

-We are in a phase of high expansion. Jays´ products are sold today in 20 countries and we are about to launch a strong and broad product line and expand even further internationally. This venture will contribute to a strong alliance between Transferator and Jays in just the right time, says Rune Torbjörnsen, CEO Jays AB.

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