Zound Industries inks deal with Marshall, loks for IPO in 2017

Zound Industries is a Swedish company which designs, develops, and markets headphones and wireless speakers.

The company was founded in 2008 and took off over the years with sales of approximately 80M euros in 2015.

As the company has been selling for a while headphones under the British Marshall brand, now Zound extends a longer term deal with the Brits that covers its risk basis for its intentions of going public in 2017.

Apparently, the sales under the Marshall brand accounts to about 70% of Zound's current sales and the deal involves a 10-13% commision of revenues that are expected to double by the time of the IPO.

Zound Industries, based in Stockholm, is owned by strategic investor Telia (5%) as well as by VCs Backstage Invest, Varenne, Time for Growth, Zenith Ventures and GP Bullhound.