Fender Musical Instruments to acquire Presonus Audio Electronics.

Fender Musical Instruments, a manufacturer of various musical instruments, agreed to acquire Presonus Audio Electronics, a developer and manufacturer of professional audio equipments. Financial terms were not disclosed. "We are thrilled to welcome everyone on the PreSonus team to the FMIC family and excited about the future growth opportunities available to both companies. Our teams share the same passion for music, the same commitment to innovation and the same desire to inspire and equip current and future generations of artists," Andy Mooney, Fender Musical Instruments CEO.