Yamaha Corporation has agreed to acquire Disguise, the London-based visual-production technology supplier, through the purchase of its parent, Butterfly Topco Limited.
In a November 13 filing, Yamaha put transaction consideration at £215 million. That figure covers ordinary shares and shareholder loan notes; the final consideration will be determined at closing.
The deal has not closed. Yamaha schedules completion for December 2026, and majority investor Carlyle says customary regulatory approvals remain required.
Disguise supplies software, media servers and services used in broadcasting, virtual production and live entertainment. The acquisition would extend Yamaha’s professional-audio business into more integrated production systems spanning sound, video, lighting and media.
Yamaha says it intends to preserve Disguise’s identity, brand and customer and partner relationships. Those commitments are plans, not guarantees of unchanged products or commercial terms.
Neither announcement specifies future product pricing, staffing changes or a detailed integration timetable.
For broadcast and production teams, the immediate development is an agreed change in supplier ownership—not an announced requirement to replace equipment or change workflows.
Related: Vizrt completes acquisition of Chyron.