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2008
- Bosendorfer becomes a wholly owned subsidiary of the Yamaha Corp. of Japan
after they purchased all their shares from BAWAG, Austria's third largest banking
group.
- Seiler sold to Samick Music Corp., who who agrees to continue the tradition
of making high quality pianos
- Baldwin ceases piano production at its only remaining
U.S. factory in Trumann, Arkansas in December. All pianos now manufactured in their
factories in China (owned by Gibson Guitar Corp).
2009
- Bosendorfer unveils the Audi
Grand Piano whose design, in collaboration with Audi, is reminiscent of automobiles.
-
The final piano is built by England's Kemble Pianos after nearly 100 years of production.
Yamaha, the main shareholder of Kemble, has announces plans to transfer production
to Asia.
- Steinway signs deal with Korean firm, Samick Music Corp., to take a minority
stake in Steinway in order to get rid of outstanding debt.
- After a lengthy dispute
of trademark ownership rights, Persis International proved its rightful ownership
of the Sohmer brand name. Samick Piano Corp. ceased selling Sohmer pianos in 2010.
2010
In
July, 200 of Petrof's 390 employees were laid off, some of the Petrof workers in
the grand department switch production from grands to lacquered kitchen furniture.
Petrof have been making pianos since in 1864.
2012
Cavedish Pianos, based in Yorkshire,
resurrects piano manufacturing in Britain.
2013
Steinway bought out by hedge fund firm,
Paulson & Company. Estimated value of Steinway: over $500 million U.S. Dollars.
2014
Yamaha
introduces the U1TA TransAcoustic piano. The new technology adds a unique method
of playback and performance, enabling the player to perform digital sounds and/or
the piano's own acoustic sound, generated through the piano's soundboard rather than
from a traditional speaker.
2015
Steinway & Sons announces the Steinway Spirio high
resolution player piano system.
2016
Pearl River acquires a 90% stake in Schimmel pianos, Germany