Fender Musical Instruments Corporation has announced that it is has aquired the Kaman Music Corportation (KMC). KMC owns Ovation Guitars, Genz Benz Amps, Hamer guitars and is the worldwide distributor of Takamine brand acoustic guitars.

KMC is a subsiduary of the Kaman Corporation founded by Charles Kaman, whose experience in areospace composite materials technology led to the Ovation roundback guitar. The deal was done for around $117 million.