Not independent. The Marshall consumer-audio business is the former Zound Industries (founded 2008 in Sweden; co-founder Konrad Bergström), which built the Marshall headphone/speaker line under a 2010 brand license from Marshall Amplification. Zound acquired Marshall Amplification in 2023 and renamed itself Marshall Group (HQ Stockholm). In January 2025, Chinese private-equity/VC firm HongShan Capital Group (HSG, formerly Sequoia China) agreed to acquire a majority stake in Marshall Group in a deal valuing the company at ~EUR 1.1 billion; the Marshall family retains a stake of over 20%. Must be distinguished from Marshall Amplification, the guitar-amp maker (Milton Keynes, UK; founded 1962 by Jim Marshall), which is now a subsidiary/division of the same Marshall Group parent.
Headphone & IEM companies in Sweden
1 company based in Sweden.