Circuit Research Labs Inc. and Orban Europe GmbH have announced the settlement of long-standing legal issues relating to DaySequerra’s purchase of Orban in July 2016. Under the terms of the settlement agreement, ownership of Orban Europe GmbH and all other Orban assets worldwide will be transferred to Orban Labs.
In order to better manage the combined Orban entities, Orban Labs is restructuring.
David Day, Orban’s President, said,“we are streamlining our sales order processing and inventory management by combining our businesses worldwide into one operation. We are making these changes to better serve Orban’s loyal customers and dealers. Production will continue in Germany with our ISO-9001 compliant suppliers, and all Orban products will continue to be backed by the longest warranty in the industry-5 years.”
David Day also announced the promotion of Peter Lee to Senior Vice President, Global Sales. Peter Lee commented, “I welcome the opportunity to provide the best customer sales and technical support in the industry working with our US, German and Netherlands staff. All Orban processors continue to be designed and engineered by Bob Orban and his design team, as they have been for over 48 years.”
Roger Sales continues as Managing Director of Orban Europe GmbH.
* Distributor for Hellas
** Distributor for Cyprus
Notes: Press Release - Pennsauken, New Jersey; Tempe, Arizona; Ludwigsburg, Germany –Orban Labs Inc.- May12, 2020