Tokyo-based Yamaha Corp. has reached a basic agreement to acquire 100% of the common stock of Steinberg Media Technologies GmbH, a division of Mountain View, Calif.-based video editing system manufact

Tokyo-based Yamaha Corp. has reached a basic agreement to acquire 100% of the common stock of Steinberg Media Technologies GmbH, a division of Mountain View, Calif.-based video editing system manufacturer Pinnacle Systems Inc.

The acquisition includes Steinberg's U.S. sales operations. Yamaha's U.S. sales subsidiary, Yamaha Corp. of America, will oversee U.S. sales of software developed by Steinberg. The total acquisition amount is $28.5 million.

Hamburg-based Steinberg Media Technologies, which became part of Pinnacle Systems Group in 2003, manufactures and markets music and media production software, including the Nuendo and Cubase platforms. Yamaha and Steinberg have had a relationship since the mid-1990s, when the former began using the latter's computer music products and bundled software.

More recently, the relationship has grown with the Studio Connections initiative begun in 2004, a project in which Yamaha hardware, such as digital mixers and synthesizers, will be seamlessly integrated with and Steinberg's software products.