Gibson Guitar and TC Group (which produces audio products including amplifiers, speakers, digital processors, guitar pedals and other pro audio and MI products) have announced that they are planning to merge. The announcement was made at the NAMM 2008 show in Anaheim, California, on January 23 by Gibson Guitar Chairman and CEO Henry Juszkiewicz and CEO of TC Group, Anders Fauerskov. The announcement marks a preliminary agreement between the two companies. Under the terms of the new acquisition, Anders Fauerskov will remain based in Europe, and serve as Chief Operating Officer of the new combined Gibson Guitar Corp. The two companies expected to finalize the deal by the end of February 2008. Terms of the deal were not disclosed.